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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Qatari Rial (FOREX:GBPQAR)
Long-Term Downtrend (-90) - GBPQAR is in a strong downtrend that is likely to continue. While GBPQAR 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 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.
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MarketClub’s Trade Triangles for GBPQAR
The long-term trend has been DOWN since Nov 13th, 2024 at 4.6307837
The intermediate-term trend has been DOWN since Oct 10th, 2024 at 4.7775110
The short-term trend has been DOWN since Nov 6th, 2024 at 4.7226817
Smart Scan Analysis for GBPQAR
Based on our trend formula, GBPQAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6170577 | 4.6170577 | 4.6170577 | 4.6170577 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6170577 | 2024-11-19 16:27:05 |