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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Iraqi Dinar (FOREX:GBPIQD)

Sidelines Mode (+50) - GBPIQD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPIQD can gain momentum.

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
1478.1295 1478.1295 1478.1295 1478.1295 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPIQD

long term down The long-term trend has been DOWN since Mar 11th, 2020 at 1536.1835

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 1475.1242

short term up The short-term trend has been UP since May 21st, 2020 at 1462.7337

Smart Scan Analysis for GBPIQD

Based on our trend formula, GBPIQD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPIQD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1478.1295 1478.1295 1478.1295 1478.1295 0.0000
Prev. Close Volume Bid Ask Time
1478.1295 1444.6841 1511.5749 2020-06-01 07:17:50
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