Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
Iraqi Dinar/US Dollar (FOREX:IQDUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 IQDUSD
The long term trend has been UP since Jul 8th, 2018 at 0.000840
The intermediate term trend has been UP since Sep 30th, 2018 at 0.000839
The short term trend has been UP since Oct 9th, 2018 at 0.000841
Smart Scan Analysis for IQDUSD
Based on a pre-defined weighted trend formula for chart analysis, IQDUSD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).