Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Euro/Algerian Dinar (FOREX:EURDZD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Sep 20th, 2018 at 138.08
The intermediate term trend has been UP since Aug 27th, 2018 at 137.66
The short term trend has been UP since Sep 12th, 2018 at 137.40
Smart Scan Analysis for EURDZD
Based on a pre-defined weighted trend formula for chart analysis, EURDZD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).