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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Bull Market Weakness (+75) - GBPDZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPDZD as it may be in the beginning stages of a reversal.

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
170.93613 171.52877 170.75790 171.40960 +0.47347
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 168.52461

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 169.13410

short term up The short-term trend has been UP since May 13th, 2024 at 168.72234

Smart Scan Analysis for GBPDZD

Based on our trend formula, GBPDZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
170.93613 171.52877 170.75790 171.40960 +0.47347
Prev. Close Volume Bid Ask Time
170.93613 2024-05-22 12:45:51
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