Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
US Dollar/Iranian Rial (FOREX:USDIRR)
Crossroads (-60) - USDIRR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Oct 28th, 2021 at 42105.0
The intermediate-term trend has been UP since Nov 15th, 2021 at 42262.5
The short-term trend has been UP since Nov 12th, 2021 at 42250.0
Smart Scan Analysis for USDIRR
Based on our trend formula, USDIRR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).