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Forex Trend Analysis Report

Prepared for you on Sunday, May 16, 2021.

US Dollar/Dominican Peso (FOREX:USDDOP)

Crossroads (-60) - USDDOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
56.862503 56.862503 56.862503 56.862503 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term down The long-term trend has been DOWN since Nov 16th, 2020 at 58.194726

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 56.980000

short term up The short-term trend has been UP since Apr 18th, 2021 at 56.980000

Smart Scan Analysis for USDDOP

Based on our trend formula, USDDOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.862503 56.862503 56.862503 56.862503 0.000000
Prev. Close Volume Bid Ask Time
56.862503 2021-05-12 07:25:11
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