Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Algerian Dinar/Euro (FOREX:DZDEUR)
Strong Downtrend (-100) - DZDEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DZDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DZDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DZDEUR
The long-term trend has been DOWN since Mar 6th, 2020 at 0.00745817
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 0.00654702
The short-term trend has been DOWN since Nov 24th, 2020 at 0.00654500
Smart Scan Analysis for DZDEUR
Based on our trend formula, DZDEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).