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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.

FOREX_GBPIQD
Open High Low GBPIQD Price Change
1622.3442 1622.3996 1622.3442 1622.3996 +0.0554
Entry Signal

MarketClub’s Trade Triangles for GBPIQD

long term down The long-term trend has been DOWN since Mar 3rd, 2023 at 1756.3644

intermediate term down The intermediate-term trend has been DOWN since Feb 13th, 2023 at 1789.2139

short term up 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).

-75
Smart Scan Analysis for GBPIQD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1622.3442 1622.3996 1622.3442 1622.3996 +0.0554
Prev. Close Volume Bid Ask Time
1622.3442 2023-03-31 08:50:04
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