Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 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.
MarketClub’s Trade Triangles for USDIRR
The long-term trend has been DOWN since Nov 9th, 2022 at 42250.0
The intermediate-term trend has been UP since Jan 3rd, 2023 at 41850.0
The short-term trend has been UP since Mar 27th, 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).