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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

British Pound/Dominican Peso (FOREX:GBPDOP)

Countertrend Up (+85) - GBPDOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
80.50477 80.67821 80.50477 80.56258 +0.05781
Entry Signal

MarketClub’s Trade Triangles for GBPDOP

long term up The long-term trend has been UP since Jul 21st, 2020 at 74.46773

intermediate term up The intermediate-term trend has been UP since Nov 23rd, 2020 at 77.97191

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 81.06240

Smart Scan Analysis for GBPDOP

Based on our trend formula, GBPDOP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
80.50477 80.67821 80.50477 80.56258 +0.05781
Prev. Close Volume Bid Ask Time
80.50477 2021-02-28 16:41:51
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