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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

US Dollar/Algerian Dinar (FOREX:USDDZD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
119.49725 119.80000 118.30000 119.58000 +0.08275
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 down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 119.70800

short term down The short term trend has been DOWN since Dec 12th, 2019 at 119.63135

Smart Scan Analysis for USDDZD

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

-100
Smart Scan Analysis for USDDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
119.49725 119.80000 118.30000 119.58000 +0.08275
Prev. Close Volume Bid Ask Time
119.49725 119.08000 120.08000 2019-12-12 13:39:18
Want to analyze US Dollar/Algerian Dinar USDDZD or another symbol? Try our Free Forex Trend Analysis Report.