Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Euro/Iraqi Dinar (FOREX:EURIQD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURIQD
The long term trend has been DOWN since May 7th, 2018 at 1442.34
The intermediate term trend has been UP since Jun 4th, 2019 at 1340.50
The short term trend has been DOWN since Jun 19th, 2019 at 1344.10
Smart Scan Analysis for EURIQD
Based on a pre-defined weighted trend formula for chart analysis, EURIQD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).