Forex Trend Analysis Report
Prepared for you on Saturday, June 3, 2023.
Euro/Algerian Dinar (FOREX:EURDZD)
Sidelines Mode (-55) - EURDZD 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 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 UP since Apr 13th, 2023 at 149.376
The intermediate-term trend has been DOWN since May 12th, 2023 at 148.035
The short-term trend has been UP since Jun 1st, 2023 at 146.924
Smart Scan Analysis for EURDZD
Based on our trend formula, EURDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).