Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
US Dollar/Qatari Rial (FOREX:USDQAR)
Weak Downtrend (-65) - USDQAR is showing signs of a strengthening downtrend. Monitor USDQAR as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for USDQAR
The long-term trend has been UP since Apr 30th, 2024 at 3.6685254
The intermediate-term trend has been DOWN since May 9th, 2024 at 3.6382465
The short-term trend has been DOWN since May 9th, 2024 at 3.6407500
Smart Scan Analysis for USDQAR
Based on our trend formula, USDQAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.6405000 | 3.6405000 | 3.6324083 | 3.6324083 | -0.0080920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.6405000 | 2024-05-09 21:01:38 |
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