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Forex Trend Analysis Report
Prepared for you on Wednesday, March 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.
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MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been DOWN since Mar 7th, 2023 at 162.81120
The intermediate-term trend has been UP since Mar 20th, 2023 at 166.16978
The short-term trend has been UP since Mar 10th, 2023 at 164.27315
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 167.33531 | 167.69388 | 167.04245 | 167.04486 | -0.29045 |
| Prev. Close | Volume | Bid | Ask | Time |
| 167.33531 | 2023-03-29 14:17:54 |