Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Euro/Iraqi Dinar (FOREX:EURIQD)
Crossroads (-60) - EURIQD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURIQD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURIQD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURIQD
The long-term trend has been DOWN since May 14th, 2020 at 1288.31
The intermediate-term trend has been UP since May 19th, 2020 at 1299.15
The short-term trend has been UP since May 19th, 2020 at 1292.96
Smart Scan Analysis for EURIQD
Based on our trend formula, EURIQD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).