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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

US Dollar/Algerian Dinar (FOREX:USDDZD)

Bull Market Weakness (+75) - USDDZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDDZD as it may be in the beginning stages of a reversal.

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
128.23854 128.55283 128.23140 128.55283 +0.31429
Entry Signal

MarketClub’s Trade Triangles for USDDZD

long term up The long-term trend has been UP since Feb 10th, 2020 at 120.44279

intermediate term down The intermediate-term trend has been DOWN since Jul 13th, 2020 at 128.45522

short term up The short-term trend has been UP since Jul 27th, 2020 at 127.96472

Smart Scan Analysis for USDDZD

Based on our trend formula, USDDZD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
128.23854 128.55283 128.23140 128.55283 +0.31429
Prev. Close Volume Bid Ask Time
128.23854 128.12862 128.97703 2020-08-07 16:35:48
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