Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Qatari Rial/British Pound (FOREX:QARGBP)
Sidelines Mode (+50) - QARGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until QARGBP can gain momentum.
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 21st, 2023 at 0.21396991
The intermediate-term trend has been UP since Aug 14th, 2023 at 0.21575395
The short-term trend has been UP since Aug 1st, 2023 at 0.21401956
Smart Scan Analysis for QARGBP
Based on our trend formula, QARGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).