Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Bull Market Weakness (+75) - USDIQD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDIQD as it may be in the beginning stages 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 UP since Dec 23rd, 2020 at 1199.7703
The intermediate-term trend has been UP since Feb 16th, 2021 at 1462.5000
The short-term trend has been UP since Feb 23rd, 2021 at 1462.0000
Smart Scan Analysis for USDIQD
Based on our trend formula, USDIQD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).