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.
MarketClub’s Trade Triangles for USDDOP
The long-term trend has been DOWN since Sep 13th, 2021 at 56.616365
The intermediate-term trend has been UP since Oct 27th, 2021 at 56.470000
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).