Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 USDIQD
The long term trend has been DOWN since May 17th, 2017 at 1163.95
The intermediate term trend has been UP since Jun 29th, 2017 at 1182.50
The short term trend has been DOWN since Jul 25th, 2017 at 1167.10
Smart Scan Analysis for USDIQD
Based on a pre-defined weighted trend formula for chart analysis, USDIQD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).