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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Euro/Algerian Dinar (FOREX:EURDZD)

Weak Downtrend (-65) - EURDZD is showing signs of a strengthening downtrend. Monitor EURDZD as it may be building momentum to the downside.

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
159.728 159.728 158.859 159.455 -0.273
Entry Signal

MarketClub’s Trade Triangles for EURDZD

long term down The long-term trend has been DOWN since Aug 18th, 2021 at 158.320

intermediate term down The intermediate-term trend has been DOWN since Oct 6th, 2021 at 158.353

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 158.952

Smart Scan Analysis for EURDZD

Based on our trend formula, EURDZD is rated as a -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
159.728 159.728 158.859 159.455 -0.273
Prev. Close Volume Bid Ask Time
159.728 2021-10-25 16:43:39
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