Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Iranian Rial (FOREX:USDIRR)
Bull Market Weakness (+75) - USDIRR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDIRR as it may be in the beginning stages of a reversal.
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 UP since Jun 28th, 2020 at 42105
The short-term trend has been UP since Jun 28th, 2020 at 42105
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).