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Forex Trend Analysis Report

Prepared for you on Wednesday, October 27, 2021.

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, SHORTSYMBOL 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
158.771 159.582 158.662 158.740 -0.031
Entry Signal

MarketClub’s Trade Triangles for EURDZD

long term down The long-term trend has been DOWN since Aug 18th, 2021 at 158.320

intermediate term down The intermediate-term trend has been DOWN since Oct 6th, 2021 at 158.353

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 158.952

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
158.771 159.582 158.662 158.740 -0.031
Prev. Close Volume Bid Ask Time
158.771 2021-10-27 15:31:39
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