Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
US Dollar/Qatari Rial (FOREX:USDQAR)
Weak Uptrend (+65) - USDQAR is showing signs of weakening momentum to the upside. Monitor USDQAR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDQAR
The long-term trend has been UP since May 13th, 2021 at 3.6986833
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 3.6407500
The short-term trend has been UP since Oct 7th, 2021 at 3.6410000
Smart Scan Analysis for USDQAR
Based on our trend formula, USDQAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).