Forex Trend Analysis Report
Prepared for you on Saturday, June 24, 2017.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 21st, 2017 at 1182.00
The short term trend has been UP since Jun 21st, 2017 at 1182.00
Smart Scan Analysis for USDIQD
Based on a pre-defined weighted trend formula for chart analysis, USDIQD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).