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Forex Trend Analysis Report

Prepared for you on Wednesday, September 27, 2023.

British Pound/Algerian Dinar (FOREX:GBPDZD)

Strong Downtrend (-100) - GBPDZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPDZD continues to fall. Traders should use caution and set stops.

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
166.86868 167.16581 166.63145 166.87457 +0.00589
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 169.23407

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 172.76993

short term down The short-term trend has been DOWN since Sep 14th, 2023 at 170.96087

Smart Scan Analysis for GBPDZD

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

-100
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
166.86868 167.16581 166.63145 166.87457 +0.00589
Prev. Close Volume Bid Ask Time
166.86868 2023-09-27 18:55:45
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