Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Bull Market Weakness (+75) - QARAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QARAED as it may be in the beginning stages of a reversal.
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 Nov 14th, 2023 at 1.0165237
The intermediate-term trend has been UP since Nov 3rd, 2023 at 1.0143140
The short-term trend has been UP since Dec 6th, 2023 at 1.0071477
Smart Scan Analysis for QARAED
Based on our trend formula, QARAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).