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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.

FOREX_DZDEUR
Open High Low DZDEUR Price Change
0.00662373 0.00662465 0.00661659 0.00661659 -0.00000700
Entry Signal

MarketClub’s Trade Triangles for DZDEUR

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 0.00745817

intermediate term down The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 0.00755298

short term up 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).

-85
Smart Scan Analysis for DZDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00662373 0.00662465 0.00661659 0.00661659 -0.00000700
Prev. Close Volume Bid Ask Time
0.00662373 0.00659470 0.00663848 2020-08-12 03:57:22
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