Forex Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
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.
MarketClub’s Trade Triangles for USDIQD
The long-term trend has been DOWN since May 25th, 2022 at 1458.1693
The intermediate-term trend has been DOWN since May 16th, 2022 at 1459.6076
The short-term trend has been DOWN since Jun 26th, 2022 at 1459.5000
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).