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.
MarketClub’s Trade Triangles for USDQAR
The long-term trend has been DOWN since Nov 14th, 2023 at 3.6220284
The intermediate-term trend has been DOWN since Nov 12th, 2023 at 3.6399641
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).