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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

US Dollar/Algerian Dinar (FOREX:USDDZD)

Sidelines Mode (+55) - USDDZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
134.60800 134.64118 134.42969 134.55200 -0.05600
Entry Signal

MarketClub’s Trade Triangles for USDDZD

long term up The long-term trend has been UP since Mar 19th, 2024 at 135.51705

intermediate term up The intermediate-term trend has been UP since Jun 9th, 2024 at 135.24508

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 134.48515

Smart Scan Analysis for USDDZD

Based on our trend formula, USDDZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
134.60800 134.64118 134.42969 134.55200 -0.05600
Prev. Close Volume Bid Ask Time
134.60800 2024-06-19 05:20:16
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