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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Sidelines Mode (-55) - GBPDZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPDZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been DOWN since Apr 10th, 2024 at 168.52461
The intermediate-term trend has been UP since May 6th, 2024 at 169.13410
The short-term trend has been DOWN since May 7th, 2024 at 168.23520
Smart Scan Analysis for GBPDZD
Based on our trend formula, GBPDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 168.30961 | 168.30961 | 168.23511 | 168.23511 | -0.07450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 168.30961 | 2024-05-09 01:33:35 |