Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Iranian Rial (FOREX:USDIRR)
Weak Downtrend (-65) - USDIRR is showing signs of a strengthening downtrend. Monitor USDIRR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDIRR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDIRR.
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 USDIRR
The long-term trend has been DOWN since Sep 25th, 2023 at 42250.0
The intermediate-term trend has been UP since Mar 1st, 2024 at 42037.5
The short-term trend has been DOWN since Apr 29th, 2024 at 42075.0
Smart Scan Analysis for USDIRR
Based on our trend formula, USDIRR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 42075 | 42075 | 42075 | 42075 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 42075 | 2024-05-09 13:14:44 |
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