Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Qatari Rial (FOREX:GBPQAR)
Strong Downtrend (-100) - GBPQAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPQAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPQAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPQAR
The long-term trend has been DOWN since Mar 2nd, 2020 at 4.6933107
The intermediate-term trend has been DOWN since May 12th, 2020 at 4.4733852
The short-term trend has been DOWN since May 22nd, 2020 at 4.4392623
Smart Scan Analysis for GBPQAR
Based on our trend formula, GBPQAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).