Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Euro/Algerian Dinar (FOREX:EURDZD)
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 EURDZD
The long term trend has been UP since Mar 27th, 2017 at 118.754
The intermediate term trend has been DOWN since Mar 1st, 2018 at 139.518
The short term trend has been UP since Mar 22nd, 2018 at 141.071
Smart Scan Analysis for EURDZD
Based on a pre-defined weighted trend formula for chart analysis, EURDZD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).