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Forex Trend Analysis Report

Prepared for you on Wednesday, March 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.

FOREX_GBPDZD
Open High Low GBPDZD Price Change
167.33531 167.69388 167.04245 167.04486 -0.29045
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 162.81120

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2023 at 166.16978

short term up The short-term trend has been UP since Mar 10th, 2023 at 164.27315

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).

+60
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
167.33531 167.69388 167.04245 167.04486 -0.29045
Prev. Close Volume Bid Ask Time
167.33531 2023-03-29 14:17:54
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