Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
British Pound/Qatari Rial (FOREX:GBPQAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 GBPQAR
The long term trend has been UP since Apr 18th, 2017 at 4.61350
The intermediate term trend has been DOWN since Apr 20th, 2018 at 5.10835
The short term trend has been DOWN since Apr 20th, 2018 at 5.16930
Smart Scan Analysis for GBPQAR
Based on a pre-defined weighted trend formula for chart analysis, GBPQAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).