Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
US Dollar/Algerian Dinar (FOREX:USDDZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDDZD
The long term trend has been UP since Aug 10th, 2017 at 109.755
The intermediate term trend has been UP since Oct 3rd, 2018 at 118.755
The short term trend has been DOWN since Oct 9th, 2018 at 118.260
Smart Scan Analysis for USDDZD
Based on a pre-defined weighted trend formula for chart analysis, USDDZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).