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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

US Dollar/Iranian Rial (FOREX:USDIRR)

Sidelines Mode (+50) - USDIRR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDIRR can gain momentum.

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.

Open High Low USDIRR Price Change
42275 42275 42275 42275 0
Entry Signal

MarketClub’s Trade Triangles for USDIRR

long term down The long-term trend has been DOWN since Sep 25th, 2023 at 42250.0

intermediate term up The intermediate-term trend has been UP since Nov 15th, 2023 at 42262.5

short term up The short-term trend has been UP since Dec 5th, 2023 at 42262.5

Smart Scan Analysis for USDIRR

Based on our trend formula, USDIRR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for USDIRR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42275 42275 42275 42275 0
Prev. Close Volume Bid Ask Time
42275 2023-12-08 12:49:47
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