Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Euro/Algerian Dinar (FOREX:EURDZD)
Bull Market Weakness (+75) - EURDZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURDZD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for EURDZD
The long-term trend has been UP since Mar 6th, 2020 at 134.083
The intermediate-term trend has been DOWN since Mar 1st, 2021 at 159.858
The short-term trend has been UP since Apr 13th, 2021 at 158.001
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).