Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Algerian Dinar/US Dollar (FOREX:DZDUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DZDUSD
The long term trend has been DOWN since May 1st, 2018 at 0.00870
The intermediate term trend has been UP since Dec 21st, 2018 at 0.00846
The short term trend has been DOWN since Jan 13th, 2019 at 0.00845
Smart Scan Analysis for DZDUSD
Based on a pre-defined weighted trend formula for chart analysis, DZDUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).