Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Iraqi Dinar/US Dollar (FOREX:IQDUSD)
Sidelines Mode (+55) - IQDUSD 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 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 UP since Jun 2nd, 2021 at 0.00068775
The intermediate-term trend has been UP since Sep 13th, 2021 at 0.00068685
The short-term trend has been DOWN since Oct 7th, 2021 at 0.00068505
Smart Scan Analysis for IQDUSD
Based on our trend formula, IQDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).