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Forex Trend Analysis Report

Prepared for you on Monday, March 30, 2020.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Sidelines Mode (-55) - GBPDZD 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 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
153.31354 153.66431 153.31354 153.66431 +0.35077
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 153.71425

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2020 at 154.99892

short term up The short-term trend has been UP since Mar 25th, 2020 at 146.38982

Smart Scan Analysis for GBPDZD

Based on our trend formula, GBPDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
153.31354 153.66431 153.31354 153.66431 +0.35077
Prev. Close Volume Bid Ask Time
153.31354 153.10415 154.22448 2020-03-30 05:55:07
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