Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Strong Uptrend (+100) - GBPDZD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPDZD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid GBPDZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been UP since Apr 14th, 2020 at 158.48426
The intermediate-term trend has been UP since Oct 5th, 2020 at 167.29024
The short-term trend has been UP since Feb 18th, 2021 at 185.32851
Smart Scan Analysis for GBPDZD
Based on our trend formula, GBPDZD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).