Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 QARAED
The long term trend has been UP since Jan 2nd, 2018 at 1.0162
The intermediate term trend has been DOWN since Mar 28th, 2018 at 1.0039
The short term trend has been UP since Apr 24th, 2018 at 1.0105
Smart Scan Analysis for QARAED
Based on a pre-defined weighted trend formula for chart analysis, QARAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).