Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Algerian Dinar/Euro (FOREX:DZDEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DZDEUR
The long term trend has been UP since Nov 8th, 2018 at 0.007427
The intermediate term trend has been UP since Jan 24th, 2019 at 0.007447
The short term trend has been DOWN since Feb 12th, 2019 at 0.007422
Smart Scan Analysis for DZDEUR
Based on a pre-defined weighted trend formula for chart analysis, DZDEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).