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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Long-Term Uptrend (+90) - GBPDZD is in a strong uptrend that is likely to continue. While GBPDZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_GBPDZD
Open High Low GBPDZD Price Change
188.61787 189.33102 188.61787 188.72332 +0.10545
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term up The long-term trend has been UP since Apr 14th, 2020 at 158.48426

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 188.15348

short term up The short-term trend has been UP since Oct 4th, 2021 at 186.54069

Smart Scan Analysis for GBPDZD

Based on our trend formula, GBPDZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
188.61787 189.33102 188.61787 188.72332 +0.10545
Prev. Close Volume Bid Ask Time
188.61787 2021-10-22 01:54:24
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