Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Qatari Rial/British Pound (FOREX:QARGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 QARGBP
The long term trend has been UP since May 4th, 2018 at 0.199695
The intermediate term trend has been DOWN since Oct 11th, 2018 at 0.207495
The short term trend has been UP since Oct 19th, 2018 at 0.209175
Smart Scan Analysis for QARGBP
Based on a pre-defined weighted trend formula for chart analysis, QARGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).