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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.

FOREX_QARAED
Open High Low QARAED Price Change
1.0215457 1.0244136 1.0045579 1.0050428 -0.0165030
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term up The long-term trend has been UP since May 19th, 2020 at 1.0222506

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2020 at 1.0230916

short term down 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).

+55
Smart Scan Analysis for QARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0215457 1.0244136 1.0045579 1.0050428 -0.0165030
Prev. Close Volume Bid Ask Time
1.0215457 1.0044367 1.0056489 2020-06-05 17:07:45
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