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.
MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been DOWN since Sep 20th, 2023 at 169.23407
The intermediate-term trend has been UP since Nov 21st, 2023 at 168.12985
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).