Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
US Dollar/Dominican Peso (FOREX:USDDOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDDOP
The long term trend has been UP since Dec 4th, 2018 at 50.381
The intermediate term trend has been UP since Feb 14th, 2019 at 50.685
The short term trend has been UP since Feb 21st, 2019 at 50.649
Smart Scan Analysis for USDDOP
Based on a pre-defined weighted trend formula for chart analysis, USDDOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).