Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
British Pound/Algerian Dinar (FOREX:GBPDZD)
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 GBPDZD
The long term trend has been DOWN since May 2nd, 2018 at 157.010
The intermediate term trend has been UP since Sep 9th, 2018 at 153.475
The short term trend has been UP since Sep 9th, 2018 at 153.170
Smart Scan Analysis for GBPDZD
Based on a pre-defined weighted trend formula for chart analysis, GBPDZD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).