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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Euro/Algerian Dinar (FOREX:EURDZD)

Strong Downtrend (-100) - EURDZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURDZD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURDZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURDZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURDZD
Open High Low EURDZD Price Change
144.540 144.715 144.381 144.381 -0.159
Entry Signal

MarketClub’s Trade Triangles for EURDZD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 143.931

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 145.258

short term down The short-term trend has been DOWN since Jun 7th, 2024 at 146.081

Smart Scan Analysis for EURDZD

Based on our trend formula, EURDZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for EURDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
144.540 144.715 144.381 144.381 -0.159
Prev. Close Volume Bid Ask Time
144.540 2024-06-18 04:31:23
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