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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Euro/Qatari Rial (FOREX:EURQAR)

Long-Term Downtrend (-90) - EURQAR is in a strong downtrend that is likely to continue. While EURQAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURQAR
Open High Low EURQAR Price Change
3.8849 3.8849 3.8849 3.8849 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURQAR

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 3.9070

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 3.9565

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 3.9222

Smart Scan Analysis for EURQAR

Based on our trend formula, EURQAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8849 3.8849 3.8849 3.8849 0.0000
Prev. Close Volume Bid Ask Time
3.8857 2024-04-21 15:40:05
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