Forex Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
Euro/Qatari Rial (FOREX:EURQAR)
Sidelines Mode (+50) - EURQAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURQAR can gain momentum.
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 DOWN since Aug 9th, 2021 at 4.2859
The intermediate-term trend has been UP since Aug 10th, 2022 at 3.7192
The short-term trend has been UP since Aug 10th, 2022 at 3.7192
Smart Scan Analysis for EURQAR
Based on our trend formula, EURQAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).