Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
US Dollar/Dominican Peso (FOREX:USDDOP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 USDDOP
The long term trend has been DOWN since Jun 2nd, 2019 at 50.4700
The intermediate term trend has been UP since Jul 22nd, 2019 at 51.0625
The short term trend has been UP since Aug 14th, 2019 at 51.0300
Smart Scan Analysis for USDDOP
Based on a pre-defined weighted trend formula for chart analysis, USDDOP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).