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Forex Trend Analysis Report

Prepared for you on Wednesday, October 27, 2021.

US Dollar/Dominican Peso (FOREX:USDDOP)

Sidelines Mode (+50) - USDDOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDDOP can gain momentum.

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

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

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

FOREX_USDDOP
Open High Low USDDOP Price Change
56.500 56.500 56.475 56.475 -0.025
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term down The long-term trend has been DOWN since Sep 13th, 2021 at 56.616365

intermediate term up The intermediate-term trend has been UP since Oct 27th, 2021 at 56.470000

short term up The short-term trend has been UP since Oct 27th, 2021 at 56.470000

Smart Scan Analysis for USDDOP

Based on our trend formula, USDDOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for USDDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.500 56.500 56.475 56.475 -0.025
Prev. Close Volume Bid Ask Time
56.500 2021-10-27 14:21:21
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