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Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

British Pound/Iraqi Dinar (FOREX:GBPIQD)

Strong Downtrend (-100) - GBPIQD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPIQD continues to fall. Traders should use caution and set stops.

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.

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FOREX_GBPIQD
Open High Low GBPIQD Price Change
1629.0586 1629.0586 1629.0586 1629.0586 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPIQD

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 1644.2113

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1655.4342

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 1669.9724

Smart Scan Analysis for GBPIQD

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

-100
Smart Scan Analysis for GBPIQD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1629.0586 1629.0586 1629.0586 1629.0586 0.0000
Prev. Close Volume Bid Ask Time
1629.0586 2024-04-20 05:38:09
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