Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Strong Downtrend (-100) - GBPDZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPDZD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPDZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been DOWN since Apr 22nd, 2022 at 185.16569
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 180.35407
The short-term trend has been DOWN since Jun 28th, 2022 at 178.57640
Smart Scan Analysis for GBPDZD
Based on our trend formula, GBPDZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).