Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Qatari Rial/South African Rand (FOREX:QARZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for QARZAR
The long term trend has been DOWN since Dec 13th, 2019 at 3.9668297
The intermediate term trend has been UP since Jan 13th, 2020 at 3.9603190
The short term trend has been UP since Jan 20th, 2020 at 3.9733373
Smart Scan Analysis for QARZAR
Based on a pre-defined weighted trend formula for chart analysis, QARZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).