Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Iraqi Dinar/US Dollar (FOREX:IQDUSD)
Crossroads (-60) - IQDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IQDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IQDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IQDUSD
The long-term trend has been DOWN since Aug 9th, 2023 at 0.00076021
The intermediate-term trend has been UP since Oct 29th, 2023 at 0.00076370
The short-term trend has been UP since Nov 19th, 2023 at 0.00076646
Smart Scan Analysis for IQDUSD
Based on our trend formula, IQDUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).