Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Algerian Dinar (FOREX:EURDZD)
Weak Downtrend (-65) - EURDZD is showing signs of a strengthening downtrend. Monitor EURDZD as it may be building momentum to the downside.
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 Sep 14th, 2023 at 145.884
The intermediate-term trend has been UP since Nov 20th, 2023 at 146.540
The short-term trend has been DOWN since Dec 1st, 2023 at 146.578
Smart Scan Analysis for EURDZD
Based on our trend formula, EURDZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).