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Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

US Dollar/Algerian Dinar (FOREX:USDDZD)

Bull Market Weakness (+75) - USDDZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDDZD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDDZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDDZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDDZD
Open High Low USDDZD Price Change
134.61971 134.70400 134.41800 134.41800 -0.20171
Entry Signal

MarketClub’s Trade Triangles for USDDZD

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 134.95144

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 134.90546

short term up The short-term trend has been UP since Nov 30th, 2023 at 134.35500

Smart Scan Analysis for USDDZD

Based on our trend formula, USDDZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
134.61971 134.70400 134.41800 134.41800 -0.20171
Prev. Close Volume Bid Ask Time
134.61971 2023-12-06 04:30:10
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