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.
MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been UP since Apr 14th, 2020 at 158.48426
The intermediate-term trend has been UP since Oct 14th, 2021 at 188.15348
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).