Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
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 May 21st, 2020 at 1196.3740
The intermediate-term trend has been UP since Aug 27th, 2020 at 1192.7514
The short-term trend has been UP since Nov 30th, 2020 at 1193.8285
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).