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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Long-Term Downtrend (-90) - GBPDZD is in a strong downtrend that is likely to continue. While GBPDZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 10th, 2024 at 168.52461
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 169.89850
The short-term trend has been DOWN since Apr 10th, 2024 at 169.59184
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 167.31597 | 167.70372 | 167.31597 | 167.70372 | +0.38775 |
| Prev. Close | Volume | Bid | Ask | Time |
| 167.31597 | 2024-04-19 10:18:34 |