Forex Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since May 2nd, 2017 at 1166.10
The short term trend has been DOWN since May 17th, 2017 at 1170.55
Smart Scan Analysis for USDIQD
Based on a pre-defined weighted trend formula for chart analysis, USDIQD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).