Forex Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
British Pound/Qatari Rial (FOREX:GBPQAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 GBPQAR
The long term trend has been UP since Apr 18th, 2017 at 4.6135
The intermediate term trend has been UP since Jan 12th, 2018 at 4.8684
The short term trend has been UP since Sep 15th, 2017 at 4.6876
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).