Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Iraqi Dinar (FOREX:GBPIQD)
Strong Downtrend (-100) - GBPIQD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPIQD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPIQD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPIQD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPIQD
The long-term trend has been DOWN since Apr 2nd, 2024 at 1644.2113
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1655.4342
The short-term trend has been DOWN since May 8th, 2024 at 1640.0914
Smart Scan Analysis for GBPIQD
Based on our trend formula, GBPIQD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1637.0496 | 1637.0496 | 1637.0496 | 1637.0496 | 0.0000 |
Prev. Close | Volume | Bid | Ask | Time |
1637.0496 | 2024-05-08 21:02:47 |