Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Algerian Dinar/Euro (FOREX:DZDEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DOWN since Dec 30th, 2019 at 0.00747328
The intermediate term trend has been UP since Jan 20th, 2020 at 0.00753772
The short term trend has been UP since Jan 17th, 2020 at 0.00752762
Smart Scan Analysis for DZDEUR
Based on a pre-defined weighted trend formula for chart analysis, DZDEUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).