Free Daily Analysis

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.

FOREX_EURDZD
Open High Low EURDZD Price Change
147.617 147.637 147.617 147.637 +0.020
Entry Signal

MarketClub’s Trade Triangles for EURDZD

long term down The long-term trend has been DOWN since Mar 4th, 2022 at 156.2530

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 154.0930

short term up 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).

-75
Smart Scan Analysis for EURDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
147.617 147.637 147.617 147.637 +0.020
Prev. Close Volume Bid Ask Time
147.617 2022-08-12 01:49:54
Get a free daily analysis and signals for Euro/Algerian Dinar (EURDZD) - Request Your Free Report.