Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPDZD
The long term trend has been DOWN since May 21st, 2019 at 152.02
The intermediate term trend has been DOWN since May 14th, 2019 at 154.27
The short term trend has been DOWN since Jun 14th, 2019 at 150.72
Smart Scan Analysis for GBPDZD
Based on a pre-defined weighted trend formula for chart analysis, GBPDZD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).