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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Qatari Rial/South African Rand (FOREX:QARZAR)

Long-Term Uptrend (+90) - QARZAR is in a strong uptrend that is likely to continue. While QARZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid QARZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for QARZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_QARZAR
Open High Low QARZAR Price Change
4.5833284 4.6525592 4.5733125 4.6412977 +0.0579690
Entry Signal

MarketClub’s Trade Triangles for QARZAR

long term up The long-term trend has been UP since May 2nd, 2022 at 4.4197958

intermediate term up The intermediate-term trend has been UP since Aug 19th, 2022 at 4.6319099

short term up The short-term trend has been UP since Aug 15th, 2022 at 4.4642487

Smart Scan Analysis for QARZAR

Based on our trend formula, QARZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for QARZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5833284 4.6525592 4.5733125 4.6412977 +0.0579690
Prev. Close Volume Bid Ask Time
4.5833284 2022-08-19 16:38:16
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