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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
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.
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MarketClub’s Trade Triangles for QARAED
The long-term trend has been DOWN since Feb 5th, 2024 at 0.9964755
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 1.0015089
The short-term trend has been UP since Apr 17th, 2024 at 1.0087057
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0077236 | 1.0121214 | 1.0060759 | 1.0121214 | +0.0043980 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0077236 | 2024-04-23 21:01:42 |