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.
MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been UP since Apr 14th, 2020 at 158.48426
The intermediate-term trend has been UP since Jul 13th, 2020 at 162.90818
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).