Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
British Pound/Algerian Dinar (FOREX:GBPDZD)
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 GBPDZD
The long term trend has been UP since Apr 19th, 2017 at 138.525
The intermediate term trend has been UP since Aug 30th, 2017 at 142.670
The short term trend has been UP since Jan 12th, 2018 at 155.875
Smart Scan Analysis for GBPDZD
Based on a pre-defined weighted trend formula for chart analysis, GBPDZD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).