Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Crossroads (+60) - GBPDZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
169.23600 170.70450 169.05499 170.59394 +1.35794
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 169.23407

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 168.12985

short term up The short-term trend has been UP since Nov 14th, 2023 at 165.34553

Smart Scan Analysis for GBPDZD

Based on our trend formula, GBPDZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
169.23600 170.70450 169.05499 170.59394 +1.35794
Prev. Close Volume Bid Ask Time
170.57192 2023-11-28 22:54:50
Get a free daily analysis and signals for British Pound/Algerian Dinar (GBPDZD) - Request Your Free Report.