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Forex Trend Analysis Report

Prepared for you on Wednesday, December 19, 2018.

Qatari Rial/Swedish Krona (FOREX:QARSEK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low QARSEK Price Change
2.48445 2.49195 2.48295 2.49040 +0.00595
Entry Signal

MarketClub’s Trade Triangles for QARSEK

long term up The long term trend has been UP since Apr 2nd, 2018 at 2.30275

intermediate term up The intermediate term trend has been UP since Dec 12th, 2018 at 2.50505

short term down The short term trend has been DOWN since Dec 17th, 2018 at 2.48210

Smart Scan Analysis for QARSEK

Based on a pre-defined weighted trend formula for chart analysis, QARSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for QARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.48445 2.49195 2.48295 2.49040 +0.00595
Prev. Close Volume Bid Ask Time
2.48445 2.48850 2.49230 2018-12-19 10:17:00
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