Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Sidelines Mode (+55) - QARAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QARAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for QARAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QARAED
The long-term trend has been UP since May 19th, 2020 at 1.0222506
The intermediate-term trend has been UP since Jun 5th, 2020 at 1.0230916
The short-term trend has been DOWN since Jun 5th, 2020 at 1.0082381
Smart Scan Analysis for QARAED
Based on our trend formula, QARAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).