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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

British Pound/Qatari Rial (FOREX:GBPQAR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_GBPQAR
Open High Low GBPQAR Price Change
4.5594 4.5594 4.5594 4.5594 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPQAR

long term down The long term trend has been DOWN since May 4th, 2018 at 5.00755

intermediate term down The intermediate term trend has been DOWN since Nov 27th, 2018 at 4.65970

short term down The short term trend has been DOWN since Dec 11th, 2018 at 4.62085

Smart Scan Analysis for GBPQAR

Based on a pre-defined weighted trend formula for chart analysis, GBPQAR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for GBPQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5594 4.5594 4.5594 4.5594 0.0000
Prev. Close Volume Bid Ask Time
4.5594 4.5585 4.5603 2018-12-11 13:03:49
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