Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Euro/Algerian Dinar (FOREX:EURDZD)
Strong Downtrend (-100) - EURDZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURDZD continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for EURDZD
The long-term trend has been DOWN since Mar 4th, 2022 at 156.253
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 154.093
The short-term trend has been DOWN since Aug 12th, 2022 at 146.847
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).