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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 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 negative trend to resume. Downtrend 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.

FOREX_USDDOP
Open High Low USDDOP Price Change
51.7845 51.7845 51.5300 51.5550 -0.2295
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term down The long term trend has been DOWN since Jun 2nd, 2019 at 50.470

intermediate term down The intermediate term trend has been DOWN since Jun 2nd, 2019 at 50.470

short term up The short term trend has been UP since Jun 10th, 2019 at 50.275

Smart Scan Analysis for USDDOP

Based on a pre-defined weighted trend formula for chart analysis, USDDOP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.7845 51.7845 51.5300 51.5550 -0.2295
Prev. Close Volume Bid Ask Time
51.7845 50.8900 52.2200 2019-06-17 13:23:08
Want to analyze US Dollar/Dominican Peso USDDOP or another symbol? Try our Free Forex Trend Analysis Report.