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.
MarketClub’s Trade Triangles for EURDZD
The long-term trend has been DOWN since Feb 5th, 2020 at 132.026
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 132.668
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).