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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Qatari Rial/US Dollar (FOREX:QARUSD)
Bear Market Rally (-75) - QARUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QARUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for QARUSD.
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 QARUSD
The long-term trend has been DOWN since Apr 3rd, 2024 at 0.27463103
The intermediate-term trend has been DOWN since May 6th, 2024 at 0.27466874
The short-term trend has been UP since May 9th, 2024 at 0.27466879
Smart Scan Analysis for QARUSD
Based on our trend formula, QARUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.27468763 | 0.27468763 | 0.27468763 | 0.27468763 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.27468763 | 2024-05-09 13:14:55 |