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Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

British Pound/Qatari Rial (FOREX:GBPQAR)

Bear Market Rally (-75) - GBPQAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPQAR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GBPQAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPQAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPQAR
Open High Low GBPQAR Price Change
4.4916237 4.4980295 4.4916237 4.4980295 +0.0064060
Entry Signal

MarketClub’s Trade Triangles for GBPQAR

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 4.6933107

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 4.4733852

short term up The short-term trend has been UP since May 26th, 2020 at 4.4605396

Smart Scan Analysis for GBPQAR

Based on our trend formula, GBPQAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4916237 4.4980295 4.4916237 4.4980295 +0.0064060
Prev. Close Volume Bid Ask Time
4.4916237 4.4964851 4.4995738 2020-05-26 11:13:52
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