Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
British Pound/Iraqi Dinar (FOREX:GBPIQD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 GBPIQD
The long term trend has been UP since Feb 28th, 2019 at 1574.45
The intermediate term trend has been UP since Feb 25th, 2019 at 1562.65
The short term trend has been UP since Mar 17th, 2019 at 1573.00
Smart Scan Analysis for GBPIQD
Based on a pre-defined weighted trend formula for chart analysis, GBPIQD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).