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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.

FOREX_GBPIQD
Open High Low GBPIQD Price Change
1557.4054 1557.4054 1557.4054 1557.4054 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPIQD

long term up The long-term trend has been UP since Oct 17th, 2019 at 1513.6000

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2020 at 1555.0551

short term up 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).

+55
Smart Scan Analysis for GBPIQD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1557.4054 1557.4054 1557.4054 1557.4054 0.0000
Prev. Close Volume Bid Ask Time
1557.4054 1521.2919 1593.5188 2020-02-16 21:04:31
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