Forex Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
Euro/Algerian Dinar (FOREX:EURDZD)
Bear Market Rally (-75) - EURDZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURDZD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for EURDZD
The long-term trend has been DOWN since Mar 4th, 2022 at 156.2530
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 154.0930
The short-term trend has been UP since Aug 10th, 2022 at 147.6619
Smart Scan Analysis for EURDZD
Based on our trend formula, EURDZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).