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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

US Dollar/Algerian Dinar (FOREX:USDDZD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDDZD
Open High Low USDDZD Price Change
120.14583 120.18810 119.96188 120.18810 +0.04227
Entry Signal

MarketClub’s Trade Triangles for USDDZD

long term down The long term trend has been DOWN since Dec 12th, 2019 at 119.18379

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 119.77700

short term up The short term trend has been UP since Jan 20th, 2020 at 119.67600

Smart Scan Analysis for USDDZD

Based on a pre-defined weighted trend formula for chart analysis, USDDZD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
120.14583 120.18810 119.96188 120.18810 +0.04227
Prev. Close Volume Bid Ask Time
120.14583 119.73375 120.64245 2020-01-29 10:19:03
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