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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Algerian Dinar/Euro (FOREX:DZDEUR)

Sidelines Mode (-55) - DZDEUR 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 DZDEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for DZDEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DZDEUR
Open High Low DZDEUR Price Change
0.00682127 0.00684654 0.00681249 0.00684148 +0.00002000
Entry Signal

MarketClub’s Trade Triangles for DZDEUR

long term down The long-term trend has been DOWN since Dec 27th, 2023 at 0.00674740

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 0.00684954

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.00681773

Smart Scan Analysis for DZDEUR

Based on our trend formula, DZDEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for DZDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00682127 0.00684654 0.00681249 0.00684148 +0.00002000
Prev. Close Volume Bid Ask Time
0.00682127 2024-03-18 22:30:09
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