Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
British Pound/Qatari Rial (FOREX:GBPQAR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for GBPQAR
The long term trend has been DOWN since May 4th, 2018 at 5.00755
The intermediate term trend has been DOWN since Jul 18th, 2018 at 4.76050
The short term trend has been DOWN since Jul 13th, 2018 at 4.81340
Smart Scan Analysis for GBPQAR
Based on a pre-defined weighted trend formula for chart analysis, GBPQAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).