Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
US Dollar/Qatari Rial (FOREX:USDQAR)
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 USDQAR
The long term trend has been DOWN since Jun 10th, 2018 at 3.62765
The intermediate term trend has been UP since Jun 14th, 2018 at 3.65405
The short term trend has been UP since Jun 11th, 2018 at 3.64100
Smart Scan Analysis for USDQAR
Based on a pre-defined weighted trend formula for chart analysis, USDQAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).