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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Euro/Algerian Dinar (FOREX:EURDZD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_EURDZD
Open High Low EURDZD Price Change
132.961 133.005 132.654 132.765 -0.196
Entry Signal

MarketClub’s Trade Triangles for EURDZD

long term up The long term trend has been UP since Dec 30th, 2019 at 133.812

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 Jan 17th, 2020 at 132.846

Smart Scan Analysis for EURDZD

Based on a pre-defined weighted trend formula for chart analysis, EURDZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EURDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
132.961 133.005 132.654 132.765 -0.196
Prev. Close Volume Bid Ask Time
132.961 132.265 133.265 2020-01-21 09:27:08
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