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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.

FOREX_USDDOP
Open High Low USDDOP Price Change
57.869398 57.869398 57.869398 57.869398 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term down The long-term trend has been DOWN since Nov 16th, 2020 at 58.194726

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2021 at 58.145000

short term down 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).

-75
Smart Scan Analysis for USDDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.869398 57.869398 57.869398 57.869398 0.000000
Prev. Close Volume Bid Ask Time
57.572437 2021-02-25 07:31:39
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