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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_QARAED
Open High Low QARAED Price Change
1.00580 1.00970 1.00580 1.00785 +0.00205
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term up The long term trend has been UP since Jun 22nd, 2018 at 1.01765

intermediate term down The intermediate term trend has been DOWN since Sep 10th, 2018 at 1.00210

short term down The short term trend has been DOWN since Sep 21st, 2018 at 1.00700

Smart Scan Analysis for QARAED

Based on a pre-defined weighted trend formula for chart analysis, QARAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for QARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.00580 1.00970 1.00580 1.00785 +0.00205
Prev. Close Volume Bid Ask Time
1.00580 1.00730 1.00840 2018-09-24 22:25:55
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