Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/Algerian Dinar (FOREX:EURDZD)
Strong Uptrend (+100) - EURDZD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURDZD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 6th, 2020 at 134.083
The intermediate-term trend has been UP since Mar 2nd, 2020 at 132.400
The short-term trend has been UP since May 26th, 2020 at 141.053
Smart Scan Analysis for EURDZD
Based on our trend formula, EURDZD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).