Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Qatari Rial/Euro (FOREX:QAREUR)
Long-Term Downtrend (-90) - QAREUR is in a strong downtrend that is likely to continue. While QAREUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QAREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for QAREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QAREUR
The long-term trend has been DOWN since Jul 9th, 2020 at 0.24322410
The intermediate-term trend has been DOWN since Oct 11th, 2020 at 0.23416255
The short-term trend has been DOWN since Oct 21st, 2020 at 0.23321662
Smart Scan Analysis for QAREUR
Based on our trend formula, QAREUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).