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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.

FOREX_EURDZD
Open High Low EURDZD Price Change
144.912 144.985 144.357 144.722 -0.190
Entry Signal

MarketClub’s Trade Triangles for EURDZD

long term down The long-term trend has been DOWN since Mar 4th, 2022 at 156.253

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 154.093

short term down 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).

-100
Smart Scan Analysis for EURDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
144.912 144.985 144.357 144.722 -0.190
Prev. Close Volume Bid Ask Time
144.912 2022-08-16 21:03:35
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