Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Euro/Iraqi Dinar (FOREX:EURIQD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Dec 4th, 2018 at 1356.90
Smart Scan Analysis for EURIQD
Based on a pre-defined weighted trend formula for chart analysis, EURIQD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).