Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
British Pound/Algerian Dinar (FOREX:GBPDZD)
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 GBPDZD
The long term trend has been DOWN since May 2nd, 2018 at 157.01
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 159.94
The short term trend has been UP since Jun 22nd, 2018 at 155.82
Smart Scan Analysis for GBPDZD
Based on a pre-defined weighted trend formula for chart analysis, GBPDZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).