Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Euro/Iraqi Dinar (FOREX:EURIQD)
Countertrend Up (+85) - EURIQD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 29th, 2020 at 1356.82
The intermediate-term trend has been UP since Nov 9th, 2020 at 1415.76
The short-term trend has been UP since Nov 3rd, 2020 at 1397.23
Smart Scan Analysis for EURIQD
Based on our trend formula, EURIQD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).