Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Algerian Dinar/Euro (FOREX:DZDEUR)
Countertrend Down (-85) - DZDEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid DZDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DZDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DZDEUR
The long-term trend has been DOWN since Mar 6th, 2020 at 0.00745817
The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 0.00755298
The short-term trend has been UP since Aug 10th, 2020 at 0.00659977
Smart Scan Analysis for DZDEUR
Based on our trend formula, DZDEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).