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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

US Dollar/Qatari Rial (FOREX:USDQAR)

Crossroads (+60) - USDQAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_USDQAR
Open High Low USDQAR Price Change
3.6381778 3.6447546 3.6381778 3.6447546 +0.0065770
Entry Signal

MarketClub’s Trade Triangles for USDQAR

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 3.6274682

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2024 at 3.6495350

short term up The short-term trend has been UP since Jun 13th, 2024 at 3.6495350

Smart Scan Analysis for USDQAR

Based on our trend formula, USDQAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6381778 3.6447546 3.6381778 3.6447546 +0.0065770
Prev. Close Volume Bid Ask Time
3.6465728 2024-06-16 21:00:22
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