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.
MarketClub’s Trade Triangles for IQDGBP
The long-term trend has been UP since Mar 3rd, 2023 at 0.00056957
The intermediate-term trend has been UP since May 17th, 2023 at 0.00061213
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).