Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
Algerian Dinar/US Dollar (FOREX:DZDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Nov 6th, 2018 at 0.008461
The short term trend has been DOWN since Nov 19th, 2018 at 0.008432
Smart Scan Analysis for DZDUSD
Based on a pre-defined weighted trend formula for chart analysis, DZDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).