Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Algerian Dinar/US Dollar (FOREX:DZDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DZDUSD
The long term trend has been DOWN since Feb 13th, 2019 at 0.008398
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.008409
The short term trend has been UP since Mar 13th, 2019 at 0.008383
Smart Scan Analysis for DZDUSD
Based on a pre-defined weighted trend formula for chart analysis, DZDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).