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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

US Dollar/Iraqi Dinar (FOREX:USDIQD)

Long-Term Downtrend (-90) - USDIQD is in a strong downtrend that is likely to continue. While USDIQD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_USDIQD
Open High Low USDIQD Price Change
1309.8617 1309.8617 1309.8617 1309.8617 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDIQD

long term down The long-term trend has been DOWN since Apr 3rd, 2024 at 1304.2286

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 1309.2949

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 1309.5000

Smart Scan Analysis for USDIQD

Based on our trend formula, USDIQD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDIQD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1309.8617 1309.8617 1309.8617 1309.8617 0.0000
Prev. Close Volume Bid Ask Time
1309.8617 2024-04-18 07:26:30
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