Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/Algerian Dinar (FOREX:USDDZD)
Countertrend Up (+85) - USDDZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 8th, 2021 at 133.60805
The short-term trend has been DOWN since Mar 8th, 2021 at 133.11480
Smart Scan Analysis for USDDZD
Based on our trend formula, USDDZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).