Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
British Pound/Iraqi Dinar (FOREX:GBPIQD)
Sidelines Mode (+55) - GBPIQD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPIQD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPIQD
The long-term trend has been UP since Oct 17th, 2019 at 1513.6000
The intermediate-term trend has been DOWN since Jan 29th, 2020 at 1555.0551
The short-term trend has been UP since Feb 13th, 2020 at 1558.0422
Smart Scan Analysis for GBPIQD
Based on our trend formula, GBPIQD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).