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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Long-Term Downtrend (-90) - QARAED is in a strong downtrend that is likely to continue. While QARAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QARAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for QARAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for QARAED
The long-term trend has been DOWN since Feb 5th, 2024 at 0.9964755
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 1.0015089
The short-term trend has been DOWN since May 7th, 2024 at 1.0043280
Smart Scan Analysis for QARAED
Based on our trend formula, QARAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0071436 | 1.0072456 | 1.0052556 | 1.0058935 | -0.0012500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0071436 | 2024-05-09 06:58:30 |