Forex Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
Euro/Qatari Rial (FOREX:EURQAR)
Weak Downtrend (-65) - EURQAR is showing signs of a strengthening downtrend. Monitor EURQAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURQAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURQAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURQAR
The long-term trend has been UP since Nov 28th, 2022 at 3.7607
The intermediate-term trend has been DOWN since Apr 30th, 2023 at 4.0176
The short-term trend has been DOWN since May 11th, 2023 at 3.9954
Smart Scan Analysis for EURQAR
Based on our trend formula, EURQAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).