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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Strong Downtrend (-100) - GBPDZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPDZD continues to fall. Traders should use caution and set stops.

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.

FOREX_GBPDZD
Open High Low GBPDZD Price Change
166.30559 167.00357 165.99333 167.00357 +0.69798
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 168.52461

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 169.89850

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 169.59184

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).

-100
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
166.30559 167.00357 165.99333 167.00357 +0.69798
Prev. Close Volume Bid Ask Time
166.30559 2024-04-23 08:40:23
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