Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
British Pound/Qatari Rial (FOREX:GBPQAR)
Long-Term Downtrend (-90) - GBPQAR is in a strong downtrend that is likely to continue. While GBPQAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for GBPQAR
The long-term trend has been DOWN since Mar 7th, 2023 at 4.3456466
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 4.4661474
The short-term trend has been DOWN since Feb 17th, 2023 at 4.3822436
Smart Scan Analysis for GBPQAR
Based on our trend formula, GBPQAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).