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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Algerian Dinar (FOREX:EURDZD)
Countertrend Down (-85) - EURDZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for EURDZD
The long-term trend has been DOWN since Oct 22nd, 2024 at 144.325
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 145.950
The short-term trend has been UP since Nov 19th, 2024 at 141.440
Smart Scan Analysis for EURDZD
Based on our trend formula, EURDZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 141.159 | 141.320 | 140.911 | 140.911 | -0.248 |
| Prev. Close | Volume | Bid | Ask | Time |
| 141.159 | 2024-11-20 03:47:33 |