Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Bear Market Rally (-75) - USDIQD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDIQD as it may be in the beginning of a reversal.
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 Sep 15th, 2021 at 1452.0350
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 1456.3708
The short-term trend has been UP since Oct 12th, 2021 at 1461.0000
Smart Scan Analysis for USDIQD
Based on our trend formula, USDIQD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).