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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been UP since Jul 11th, 2024 at 173.16644
The intermediate-term trend has been UP since Jul 8th, 2024 at 172.28626
The short-term trend has been DOWN since Jul 22nd, 2024 at 173.72265
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 172.93983 | 173.16038 | 172.85775 | 172.85775 | -0.08208 |
| Prev. Close | Volume | Bid | Ask | Time |
| 172.93983 | 2024-07-26 14:00:13 |