Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 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 DOWN since May 2nd, 2018 at 138.745
The intermediate term trend has been UP since Jun 11th, 2018 at 137.388
The short term trend has been UP since Jun 19th, 2018 at 136.266
Smart Scan Analysis for EURDZD
Based on a pre-defined weighted trend formula for chart analysis, EURDZD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).