Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
British Pound/Dominican Peso (FOREX:GBPDOP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPDOP
The long term trend has been UP since Jan 23rd, 2019 at 66.1610
The intermediate term trend has been DOWN since Feb 14th, 2019 at 64.9625
The short term trend has been DOWN since Feb 14th, 2019 at 65.0100
Smart Scan Analysis for GBPDOP
Based on a pre-defined weighted trend formula for chart analysis, GBPDOP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).