Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Algerian Dinar/Euro (FOREX:DZDEUR)
Sidelines Mode (+55) - DZDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 18th, 2021 at 0.00631638
The intermediate-term trend has been UP since Oct 6th, 2021 at 0.00631507
The short-term trend has been DOWN since Oct 13th, 2021 at 0.00628562
Smart Scan Analysis for DZDEUR
Based on our trend formula, DZDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).