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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Iraqi Dinar/British Pound (FOREX:IQDGBP)

Countertrend Up (+85) - IQDGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid IQDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for IQDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IQDGBP
Open High Low IQDGBP Price Change
0.00061926 0.00061926 0.00061926 0.00061926 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IQDGBP

long term up The long-term trend has been UP since Mar 3rd, 2023 at 0.00056957

intermediate term up The intermediate-term trend has been UP since May 17th, 2023 at 0.00061213

short term up The short-term trend has been UP since May 17th, 2023 at 0.00061005

Smart Scan Analysis for IQDGBP

Based on our trend formula, IQDGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for IQDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00061926 0.00061926 0.00061926 0.00061926 0.00000000
Prev. Close Volume Bid Ask Time
0.00061926 2023-05-29 07:26:40
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