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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.

FOREX_DZDUSD
Open High Low DZDUSD Price Change
0.00778979 0.00779136 0.00778884 0.00779136 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for DZDUSD

long term down The long-term trend has been DOWN since Mar 17th, 2020 at 0.00825279

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2020 at 0.00827357

short term up 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).

-55
Smart Scan Analysis for DZDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00778979 0.00779136 0.00778884 0.00779136 +0.00000200
Prev. Close Volume Bid Ask Time
0.00778979 0.00776410 0.00781862 2020-06-02 01:51:32
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