Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/Algerian Dinar (FOREX:USDDZD)
Long-Term Uptrend (+90) - USDDZD is in a strong uptrend that is likely to continue. While USDDZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for USDDZD
The long-term trend has been UP since Feb 10th, 2020 at 120.44279
The intermediate-term trend has been UP since Mar 17th, 2020 at 121.10000
The short-term trend has been UP since May 22nd, 2020 at 128.75000
Smart Scan Analysis for USDDZD
Based on our trend formula, USDDZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).