Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Qatari Rial/US Dollar (FOREX:QARUSD)
Sidelines Mode (+55) - QARUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for QARUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QARUSD
The long-term trend has been UP since Jul 26th, 2021 at 0.27466871
The intermediate-term trend has been DOWN since Aug 23rd, 2021 at 0.27464987
The short-term trend has been UP since Oct 14th, 2021 at 0.27464987
Smart Scan Analysis for QARUSD
Based on our trend formula, QARUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).