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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.

FOREX_EURQAR
Open High Low EURQAR Price Change
3.7607 3.7607 3.7607 3.7607 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURQAR

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 4.2859

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 3.7192

short term up 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).

+50
Smart Scan Analysis for EURQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7607 3.7607 3.7607 3.7607 0.0000
Prev. Close Volume Bid Ask Time
3.7607 2022-08-10 07:20:33
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