Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Euro/Qatari Rial (FOREX:EURQAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURQAR
The long term trend has been DOWN since May 13th, 2018 at 4.4012
The intermediate term trend has been DOWN since Sep 30th, 2018 at 4.2180
The short term trend has been UP since Nov 15th, 2018 at 4.1044
Smart Scan Analysis for EURQAR
Based on a pre-defined weighted trend formula for chart analysis, EURQAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).