Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Qatari Rial/US Dollar (FOREX:QARUSD)
Strong Downtrend (-100) - QARUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 9th, 2020 at 0.27463100
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 0.27464984
The short-term trend has been DOWN since Feb 9th, 2021 at 0.27466871
Smart Scan Analysis for QARUSD
Based on our trend formula, QARUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).