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.
MarketClub’s Trade Triangles for USDDZD
The long-term trend has been DOWN since Nov 6th, 2023 at 134.95144
The intermediate-term trend has been UP since Dec 4th, 2023 at 134.90546
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).