Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
US Dollar/Algerian Dinar (FOREX:USDDZD)
Bull Market Weakness (+75) - USDDZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDDZD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDDZD
The long-term trend has been UP since Feb 10th, 2020 at 120.44279
The intermediate-term trend has been DOWN since Jul 13th, 2020 at 128.45522
The short-term trend has been UP since Jul 27th, 2020 at 127.96472
Smart Scan Analysis for USDDZD
Based on our trend formula, USDDZD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).