Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
British Pound/Iraqi Dinar (FOREX:GBPIQD)
Bear Market Rally (-75) - GBPIQD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPIQD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPIQD?
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 DOWN since Mar 3rd, 2023 at 1756.3644
The intermediate-term trend has been DOWN since Feb 13th, 2023 at 1789.2139
The short-term trend has been UP since Mar 31st, 2023 at 1619.0270
Smart Scan Analysis for GBPIQD
Based on our trend formula, GBPIQD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).