Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
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 QARAED
The long term trend has been UP since Jun 22nd, 2018 at 1.01765
The intermediate term trend has been DOWN since Dec 14th, 2018 at 1.00170
The short term trend has been UP since Dec 4th, 2018 at 1.01200
Smart Scan Analysis for QARAED
Based on a pre-defined weighted trend formula for chart analysis, QARAED scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).