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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Countertrend Up (+85) - GBPDZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
167.64026 167.67164 167.64026 167.67164 +0.03138
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term up The long-term trend has been UP since Apr 14th, 2020 at 158.48426

intermediate term up The intermediate-term trend has been UP since Jul 13th, 2020 at 162.90818

short term down The short-term trend has been DOWN since Aug 10th, 2020 at 167.87282

Smart Scan Analysis for GBPDZD

Based on our trend formula, GBPDZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
167.64026 167.67164 167.64026 167.67164 +0.03138
Prev. Close Volume Bid Ask Time
167.64026 167.11885 168.22443 2020-08-14 01:47:09
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