Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Qatari Rial/British Pound (FOREX:QARGBP)
Bear Market Rally (-75) - QARGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QARGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QARGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for QARGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QARGBP
The long-term trend has been DOWN since Jul 27th, 2020 at 0.21529252
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.20922752
The short-term trend has been UP since Mar 4th, 2021 at 0.19531037
Smart Scan Analysis for QARGBP
Based on our trend formula, QARGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).