Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Iraqi Dinar/British Pound (FOREX:IQDGBP)
Sidelines Mode (+55) - IQDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for IQDGBP
The long-term trend has been UP since Jul 19th, 2021 at 0.00049904
The intermediate-term trend has been DOWN since Jul 25th, 2022 at 0.00056999
The short-term trend has been UP since Aug 17th, 2022 at 0.00056631
Smart Scan Analysis for IQDGBP
Based on our trend formula, IQDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).