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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Euro/Algerian Dinar (FOREX:EURDZD)

Long-Term Downtrend (-90) - EURDZD is in a strong downtrend that is likely to continue. While EURDZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURDZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURDZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURDZD
Open High Low EURDZD Price Change
130.560 130.560 130.502 130.559 -0.001
Entry Signal

MarketClub’s Trade Triangles for EURDZD

long term down The long-term trend has been DOWN since Feb 5th, 2020 at 132.026

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 132.668

short term down The short-term trend has been DOWN since Feb 5th, 2020 at 132.290

Smart Scan Analysis for EURDZD

Based on our trend formula, EURDZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
130.560 130.560 130.502 130.559 -0.001
Prev. Close Volume Bid Ask Time
130.560 130.059 131.059 2020-02-20 03:58:19
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