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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.

FOREX_GBPDZD
Open High Low GBPDZD Price Change
173.09669 173.09669 172.93117 172.93117 -0.16552
Entry Signal

MarketClub’s Trade Triangles for GBPDZD

long term down The long-term trend has been DOWN since Apr 22nd, 2022 at 185.16569

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2022 at 174.10952

short term down 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).

-100
Smart Scan Analysis for GBPDZD
Strong Downtrend Sideways 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
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