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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

British Pound/Dominican Peso (FOREX:GBPDOP)

Weak Downtrend (-65) - GBPDOP is showing signs of a strengthening downtrend. Monitor GBPDOP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GBPDOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPDOP
Open High Low GBPDOP Price Change
73.48886 74.13767 73.46293 73.89707 +0.40821
Entry Signal

MarketClub’s Trade Triangles for GBPDOP

long term up The long-term trend has been UP since Jan 5th, 2024 at 74.19399

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 74.53820

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 74.60053

Smart Scan Analysis for GBPDOP

Based on our trend formula, GBPDOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.48886 74.13767 73.46293 73.89707 +0.40821
Prev. Close Volume Bid Ask Time
73.48886 2024-04-18 18:39:09
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