Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 Dec 3rd, 2018 at 150.985
The intermediate term trend has been DOWN since Oct 25th, 2018 at 153.115
The short term trend has been UP since Dec 4th, 2018 at 151.735
Smart Scan Analysis for GBPDZD
Based on a pre-defined weighted trend formula for chart analysis, GBPDZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).