Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
US Dollar/Qatari Rial (FOREX:USDQAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.
MarketClub’s Trade Triangles for USDQAR
The long term trend has been DOWN since Jan 9th, 2019 at 3.61545
The intermediate term trend has been DOWN since Jan 9th, 2019 at 3.63205
The short term trend has been UP since Jan 20th, 2019 at 3.64100
Smart Scan Analysis for USDQAR
Based on a pre-defined weighted trend formula for chart analysis, USDQAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).