Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
British Pound/Dominican Peso (FOREX:GBPDOP)
Sidelines Mode (-55) - GBPDOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for GBPDOP
The long-term trend has been DOWN since Mar 7th, 2023 at 65.516852
The intermediate-term trend has been UP since Mar 22nd, 2023 at 67.476450
The short-term trend has been DOWN since Mar 24th, 2023 at 66.737822
Smart Scan Analysis for GBPDOP
Based on our trend formula, GBPDOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).