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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

US Dollar/Algerian Dinar (FOREX:USDDZD)

Countertrend Down (-85) - USDDZD 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 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
135.81576 135.82700 135.65400 135.65400 -0.16176
Entry Signal

MarketClub’s Trade Triangles for USDDZD

long term down The long-term trend has been DOWN since Aug 4th, 2022 at 144.71086

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2023 at 136.25000

short term up The short-term trend has been UP since Mar 24th, 2023 at 135.90066

Smart Scan Analysis for USDDZD

Based on our trend formula, USDDZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
135.81576 135.82700 135.65400 135.65400 -0.16176
Prev. Close Volume Bid Ask Time
135.81576 2023-03-28 08:31:39
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