Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Qatari Rial/Pakistani Rupee (FOREX:QARPKR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 QARPKR
The long term trend has been UP since Nov 28th, 2017 at 28.9455
The intermediate term trend has been DOWN since May 9th, 2018 at 31.7425
The short term trend has been DOWN since May 22nd, 2018 at 31.7490
Smart Scan Analysis for QARPKR
Based on a pre-defined weighted trend formula for chart analysis, QARPKR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).