Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Qatari Rial (FOREX:GBPQAR)
Strong Uptrend (+100) - GBPQAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPQAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.
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 UP since Nov 5th, 2020 at 4.7794866
The short-term trend has been UP since Nov 3rd, 2020 at 4.7277863
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).