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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
British Pound/Qatari Rial (FOREX:GBPQAR)
Strong Downtrend (-100) - GBPQAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPQAR continues to fall. Traders should use caution and set stops.
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.
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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 DOWN since Mar 27th, 2024 at 4.6243714
The short-term trend has been DOWN since Apr 10th, 2024 at 4.5997171
Smart Scan Analysis for GBPQAR
Based on our trend formula, GBPQAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5326661 | 4.5326661 | 4.5320056 | 4.5320056 | -0.0006610 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5415139 | 2024-04-12 16:22:24 |