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.
MarketClub’s Trade Triangles for USDDOP
The long-term trend has been DOWN since Nov 16th, 2020 at 58.194726
The intermediate-term trend has been UP since Apr 18th, 2021 at 56.980000
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).