Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Algerian Dinar/US Dollar (FOREX:DZDUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 0.008700
The intermediate term trend has been UP since Aug 26th, 2018 at 0.008492
The short term trend has been UP since Sep 17th, 2018 at 0.008489
Smart Scan Analysis for DZDUSD
Based on a pre-defined weighted trend formula for chart analysis, DZDUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).