Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
British Pound/Qatari Rial (FOREX:GBPQAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPQAR
The long term trend has been DOWN since May 4th, 2018 at 5.00755
The intermediate term trend has been DOWN since Feb 12th, 2019 at 4.68700
The short term trend has been UP since Feb 19th, 2019 at 4.69340
Smart Scan Analysis for GBPQAR
Based on a pre-defined weighted trend formula for chart analysis, GBPQAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).