Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Qatari Rial/South African Rand (FOREX:QARZAR)
Sidelines Mode (-55) - QARZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for QARZAR
The long-term trend has been UP since Feb 20th, 2020 at 4.1596105
The intermediate-term trend has been DOWN since May 20th, 2020 at 4.9477877
The short-term trend has been UP since May 29th, 2020 at 4.8453588
Smart Scan Analysis for QARZAR
Based on our trend formula, QARZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).