Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
US Dollar/Dominican Peso (FOREX:USDDOP)
Bear Market Rally (-75) - USDDOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDDOP as it may be in the beginning of a reversal.
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 Feb 16th, 2021 at 58.145000
The short-term trend has been DOWN since Feb 25th, 2021 at 57.876524
Smart Scan Analysis for USDDOP
Based on our trend formula, USDDOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).