Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
US Dollar/Iranian Rial (FOREX:USDIRR)
Weak Downtrend (-65) - USDIRR is showing signs of a strengthening downtrend. Monitor USDIRR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDIRR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDIRR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDIRR
The long-term trend has been UP since Jun 12th, 2018 at 42105
The intermediate-term trend has been DOWN since Aug 8th, 2018 at 44160
The short-term trend has been DOWN since Aug 8th, 2018 at 42596
Smart Scan Analysis for USDIRR
Based on our trend formula, USDIRR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).