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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been DOWN since Nov 12th, 2024 at 170.47473
The intermediate-term trend has been DOWN since Oct 16th, 2024 at 173.56919
The short-term trend has been DOWN since Nov 6th, 2024 at 171.43638
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 169.08813 | 169.32155 | 169.00096 | 169.11316 | +0.02503 |
| Prev. Close | Volume | Bid | Ask | Time |
| 169.08813 | 2024-11-20 03:47:33 |