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.
MarketClub’s Trade Triangles for GBPIQD
The long-term trend has been DOWN since Mar 11th, 2020 at 1536.1835
The intermediate-term trend has been UP since Jun 1st, 2020 at 1475.1242
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).