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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

US Dollar/Algerian Dinar (FOREX:USDDZD)

Sidelines Mode (-55) - USDDZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDDZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDDZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDDZD
Open High Low USDDZD Price Change
134.46746 134.73702 134.34000 134.45671 -0.01075
Entry Signal

MarketClub’s Trade Triangles for USDDZD

long term up The long-term trend has been UP since Mar 19th, 2024 at 135.51705

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2024 at 133.94961

short term up The short-term trend has been UP since May 22nd, 2024 at 134.64100

Smart Scan Analysis for USDDZD

Based on our trend formula, USDDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
134.46746 134.73702 134.34000 134.45671 -0.01075
Prev. Close Volume Bid Ask Time
134.46746 2024-05-23 15:16:07
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