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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

British Pound/Qatari Rial (FOREX:GBPQAR)

Sidelines Mode (+50) - GBPQAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPQAR can gain momentum.

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.

FOREX_GBPQAR
Open High Low GBPQAR Price Change
5.0340489 5.0340489 5.0339746 5.0339746 -0.0000740
Entry Signal

MarketClub’s Trade Triangles for GBPQAR

long term down The long-term trend has been DOWN since Jul 21st, 2021 at 5.0053954

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 5.0037194

short term up The short-term trend has been UP since Oct 14th, 2021 at 4.9699361

Smart Scan Analysis for GBPQAR

Based on our trend formula, GBPQAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0340489 5.0340489 5.0339746 5.0339746 -0.0000740
Prev. Close Volume Bid Ask Time
5.0340489 2021-10-20 13:23:57
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