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Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Crossroads (-60) - QARAED is struggling to move into a solid trend. Beware of choppy markets 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 Jun 30th, 2022 at 0.9927821
The intermediate-term trend has been UP since Jul 18th, 2022 at 1.0105769
The short-term trend has been UP since Jul 29th, 2022 at 1.0100022
Smart Scan Analysis for QARAED
Based on our trend formula, QARAED is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9957947 | 1.0028890 | 0.9944373 | 1.0010433 | +0.0052490 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9957947 | 2022-08-08 15:26:08 |