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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

Iraqi Dinar/British Pound (FOREX:IQDGBP)

Sidelines Mode (+55) - IQDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid IQDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for IQDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IQDGBP
Open High Low IQDGBP Price Change
0.00061007 0.00061007 0.00061007 0.00061007 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IQDGBP

long term up The long-term trend has been UP since Mar 3rd, 2023 at 0.00056957

intermediate term up The intermediate-term trend has been UP since May 17th, 2023 at 0.00061213

short term down The short-term trend has been DOWN since Jun 2nd, 2023 at 0.00061480

Smart Scan Analysis for IQDGBP

Based on our trend formula, IQDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for IQDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00061007 0.00061007 0.00061007 0.00061007 0.00000000
Prev. Close Volume Bid Ask Time
0.00061015 2023-06-02 07:26:51
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