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.
MarketClub’s Trade Triangles for EURDZD
The long-term trend has been DOWN since Aug 18th, 2021 at 158.320
The intermediate-term trend has been DOWN since Oct 6th, 2021 at 158.353
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).