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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Iraqi Dinar (FOREX:GBPIQD)

Weak Downtrend (-65) - GBPIQD is showing signs of a strengthening downtrend. Monitor GBPIQD as it may be building momentum to the downside.

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.

FOREX_GBPIQD
Open High Low GBPIQD Price Change
1653.206 1653.206 1653.206 1653.206 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPIQD

long term up The long-term trend has been UP since Dec 5th, 2023 at 1654.7966

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1655.4342

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 1669.9724

Smart Scan Analysis for GBPIQD

Based on our trend formula, GBPIQD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPIQD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1653.206 1653.206 1653.206 1653.206 0.000
Prev. Close Volume Bid Ask Time
1653.206 2024-03-28 02:42:07
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