Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Algerian Dinar/US Dollar (FOREX:DZDUSD)
Sidelines Mode (-55) - DZDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DZDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DZDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DZDUSD
The long-term trend has been DOWN since Mar 17th, 2020 at 0.00825279
The intermediate-term trend has been DOWN since Mar 17th, 2020 at 0.00827357
The short-term trend has been UP since May 27th, 2020 at 0.00778995
Smart Scan Analysis for DZDUSD
Based on our trend formula, DZDUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).