Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Crossroads (-60) - USDIQD 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 USDIQD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDIQD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDIQD
The long-term trend has been DOWN since Mar 1st, 2021 at 1187.1063
The intermediate-term trend has been UP since Apr 18th, 2021 at 1462.5000
The short-term trend has been UP since Apr 18th, 2021 at 1462.5000
Smart Scan Analysis for USDIQD
Based on our trend formula, USDIQD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).