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Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
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.
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MarketClub’s Trade Triangles for GBPDZD
The long-term trend has been DOWN since Apr 22nd, 2022 at 185.16569
The intermediate-term trend has been DOWN since Aug 8th, 2022 at 174.10952
The short-term trend has been DOWN since Aug 12th, 2022 at 173.61393
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 173.09669 | 173.09669 | 172.93117 | 172.93117 | -0.16552 |
| Prev. Close | Volume | Bid | Ask | Time |
| 173.09669 | 2022-08-15 03:08:32 |