Forex Trend Analysis Report
Prepared for you on Tuesday, June 25, 2019.
US Dollar/Algerian Dinar (FOREX:USDDZD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
MarketClub’s Trade Triangles for USDDZD
The long term trend has been UP since Mar 7th, 2019 at 119.25
The intermediate term trend has been DOWN since Jun 2nd, 2019 at 119.16
The short term trend has been DOWN since Jun 20th, 2019 at 119.24
Smart Scan Analysis for USDDZD
Based on a pre-defined weighted trend formula for chart analysis, USDDZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).