Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Iraqi Dinar/British Pound (FOREX:IQDGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IQDGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.00066100
The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.00067100
The short term trend has been UP since Jan 9th, 2020 at 0.00063849
Smart Scan Analysis for IQDGBP
Based on a pre-defined weighted trend formula for chart analysis, IQDGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).