Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
US Dollar/Algerian Dinar (FOREX:USDDZD)
Crossroads (-60) - USDDZD is struggling to move into a solid trend. Beware of choppy markets 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.
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 Feb 24th, 2021 at 132.55680
The short-term trend has been DOWN since Feb 16th, 2021 at 132.75000
Smart Scan Analysis for USDDZD
Based on our trend formula, USDDZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).