Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Qatari Rial/US Dollar (FOREX:QARUSD)
Countertrend Up (+85) - QARUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Mar 23rd, 2020 at 0.27466872
The intermediate-term trend has been UP since Mar 17th, 2020 at 0.27464987
The short-term trend has been UP since Mar 17th, 2020 at 0.27464987
Smart Scan Analysis for QARUSD
Based on our trend formula, QARUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).