Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
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.
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 5th, 2020 at 167.29024
The short-term trend has been DOWN since Feb 25th, 2021 at 186.04992
Smart Scan Analysis for GBPDZD
Based on our trend formula, GBPDZD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).