Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Qatari Rial (FOREX:GBPQAR)
Bear Market Rally (-75) - GBPQAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPQAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPQAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPQAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPQAR
The long-term trend has been DOWN since Apr 1st, 2024 at 4.5804504
The intermediate-term trend has been UP since May 6th, 2024 at 4.5704189
The short-term trend has been DOWN since May 7th, 2024 at 4.5656345
Smart Scan Analysis for GBPQAR
Based on our trend formula, GBPQAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5512500 | 4.5512500 | 4.5494589 | 4.5494589 | -0.0017910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5512500 | 2024-05-08 16:10:38 |