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.
MarketClub’s Trade Triangles for GBPQAR
The long-term trend has been DOWN since Jul 21st, 2021 at 5.0053954
The intermediate-term trend has been UP since Oct 15th, 2021 at 5.0037194
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).