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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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
5.2610958 5.2622565 5.2557982 5.2592583 -0.0018370
Entry Signal

MarketClub’s Trade Triangles for QARZAR

long term up The long-term trend has been UP since Oct 3rd, 2023 at 5.2981331

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 5.2249835

short term up The short-term trend has been UP since Apr 11th, 2024 at 5.1289440

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
5.2610958 5.2622565 5.2557982 5.2592583 -0.0018370
Prev. Close Volume Bid Ask Time
5.2610958 2024-04-24 02:05:09
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