Forex Trend Analysis Report
Prepared for you on Saturday, August 15, 2020.
Algerian Dinar/US Dollar (FOREX:DZDUSD)
Bear Market Rally (-75) - DZDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DZDUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DZDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DZDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DZDUSD
The long-term trend has been DOWN since Mar 17th, 2020 at 0.00825279
The intermediate-term trend has been DOWN since Aug 11th, 2020 at 0.00776810
The short-term trend has been UP since Aug 13th, 2020 at 0.00778506
Smart Scan Analysis for DZDUSD
Based on our trend formula, DZDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).