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.
MarketClub’s Trade Triangles for EURDZD
The long term trend has been UP since Dec 30th, 2019 at 133.812
The intermediate term trend has been DOWN since Jan 20th, 2020 at 132.668
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).