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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)

Strong Downtrend (-100) - QARAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QARAED continues to fall. Traders should use caution and set stops.

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.

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FOREX_QARAED
Open High Low QARAED Price Change
1.0029038 1.0029038 0.9972443 0.9974447 -0.0054590
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term down The long-term trend has been DOWN since Mar 15th, 2023 at 0.9907535

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2023 at 0.9917165

short term down The short-term trend has been DOWN since Mar 23rd, 2023 at 0.9987112

Smart Scan Analysis for QARAED

Based on our trend formula, QARAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for QARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0029038 1.0029038 0.9972443 0.9974447 -0.0054590
Prev. Close Volume Bid Ask Time
1.0029038 2023-03-31 17:17:43
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