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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.

FOREX_QAREUR
Open High Low QAREUR Price Change
0.23242967 0.23242967 0.23242967 0.23242967 0.00000000
Entry Signal

MarketClub’s Trade Triangles for QAREUR

long term down The long-term trend has been DOWN since Jul 9th, 2020 at 0.24322410

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2020 at 0.23416255

short term down 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).

-90
Smart Scan Analysis for QAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23242967 0.23242967 0.23242967 0.23242967 0.00000000
Prev. Close Volume Bid Ask Time
0.23256497 2020-10-22 07:30:06
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