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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

US Dollar/Qatari Rial (FOREX:USDQAR)

Sidelines Mode (-55) - USDQAR 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 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
3.6479755 3.6538806 3.6479755 3.6538806 +0.0059050
Entry Signal

MarketClub’s Trade Triangles for USDQAR

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 3.6220284

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2023 at 3.6399641

short term up The short-term trend has been UP since Nov 21st, 2023 at 3.6412500

Smart Scan Analysis for USDQAR

Based on our trend formula, USDQAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6479755 3.6538806 3.6479755 3.6538806 +0.0059050
Prev. Close Volume Bid Ask Time
3.6479755 2023-12-03 20:55:49
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