Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South African Rand/Qatari Rial (FOREX:ZARQAR)
Long-Term Uptrend (+90) - ZARQAR is in a strong uptrend that is likely to continue. While ZARQAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARQAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARQAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARQAR
The long-term trend has been UP since May 4th, 2020 at 0.19350889
The intermediate-term trend has been UP since Feb 9th, 2021 at 0.24590533
The short-term trend has been UP since Feb 24th, 2021 at 0.25018474
Smart Scan Analysis for ZARQAR
Based on our trend formula, ZARQAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).