Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 DOWN since May 13th, 2020 at 157.49719
The short-term trend has been UP since May 19th, 2020 at 157.56499
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).