Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for USDQAR
The long-term trend has been DOWN since Dec 21st, 2020 at 3.6226590
The intermediate-term trend has been UP since Feb 16th, 2021 at 3.6471276
The short-term trend has been UP since Feb 23rd, 2021 at 3.6410227
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).