Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
US Dollar/Algerian Dinar (FOREX:USDDZD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Jan 9th, 2019 at 117.63
The intermediate term trend has been UP since Feb 11th, 2019 at 118.91
The short term trend has been UP since Feb 5th, 2019 at 118.34
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).