Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
Euro/Algerian Dinar (FOREX:EURDZD)
Sidelines Mode (-55) - EURDZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Apr 12th, 2024 at 143.9310
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 145.4316
The short-term trend has been UP since May 2nd, 2024 at 144.4750
Smart Scan Analysis for EURDZD
Based on our trend formula, EURDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 144.630 | 144.906 | 144.223 | 144.906 | +0.276 |
| Prev. Close | Volume | Bid | Ask | Time |
| 144.630 | 2024-05-03 13:57:39 |