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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

US Dollar/Iranian Rial (FOREX:USDIRR)

Weak Uptrend (+65) - USDIRR is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_USDIRR
Open High Low USDIRR Price Change
42100 42100 42100 42100 0
Entry Signal

MarketClub’s Trade Triangles for USDIRR

long term up The long-term trend has been UP since May 30th, 2024 at 42075.0

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2024 at 42037.5

short term down The short-term trend has been DOWN since Jun 6th, 2024 at 42100.0

Smart Scan Analysis for USDIRR

Based on our trend formula, USDIRR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDIRR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42100 42100 42100 42100 0
Prev. Close Volume Bid Ask Time
42100 2024-06-14 15:56:42
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