Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
British Pound/Qatari Rial (FOREX:GBPQAR)
Weak Downtrend (-65) - GBPQAR is showing signs of a strengthening downtrend. Monitor GBPQAR as it may be building momentum to the downside.
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 UP since Jul 27th, 2020 at 4.6448436
The intermediate-term trend has been DOWN since Mar 8th, 2021 at 5.0373173
The short-term trend has been DOWN since Mar 4th, 2021 at 5.1200562
Smart Scan Analysis for GBPQAR
Based on our trend formula, GBPQAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).