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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/Algerian Dinar (FOREX:GBPDZD)
Countertrend Down (-85) - GBPDZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Nov 12th, 2024 at 170.47473
The intermediate-term trend has been DOWN since Dec 19th, 2024 at 167.51138
The short-term trend has been UP since Dec 24th, 2024 at 169.91814
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 169.04004 | 170.02192 | 168.98188 | 169.24466 | +0.20462 |
| Prev. Close | Volume | Bid | Ask | Time |
| 172.08285 | 2024-12-24 17:13:34 |