Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 Dec 3rd, 2018 at 150.985
The intermediate term trend has been DOWN since Feb 14th, 2019 at 152.155
The short term trend has been UP since Feb 18th, 2019 at 153.490
Smart Scan Analysis for GBPDZD
Based on a pre-defined weighted trend formula for chart analysis, GBPDZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).