Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Euro/Iraqi Dinar (FOREX:EURIQD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for EURIQD
The long term trend has been DOWN since May 7th, 2018 at 1442.34
The intermediate term trend has been DOWN since Sep 30th, 2018 at 1382.30
The short term trend has been DOWN since Sep 27th, 2018 at 1403.40
Smart Scan Analysis for EURIQD
Based on a pre-defined weighted trend formula for chart analysis, EURIQD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).