Forex Trend Analysis Report
Prepared for you on Thursday, April 15, 2021.
British Pound/Iraqi Dinar (FOREX:GBPIQD)
Weak Downtrend (-65) - GBPIQD is showing signs of a strengthening downtrend. Monitor GBPIQD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPIQD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPIQD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPIQD
The long-term trend has been UP since Jul 29th, 2020 at 1524.7739
The intermediate-term trend has been DOWN since Mar 7th, 2021 at 2023.0671
The short-term trend has been DOWN since Apr 7th, 2021 at 2012.7057
Smart Scan Analysis for GBPIQD
Based on our trend formula, GBPIQD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).