Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 UP since Sep 28th, 2017 at 1183.5
The intermediate term trend has been UP since Dec 2nd, 2017 at 1183.5
The short term trend has been UP since Sep 12th, 2017 at 1182.5
Smart Scan Analysis for USDIQD
Based on a pre-defined weighted trend formula for chart analysis, USDIQD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).