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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

British Pound/Qatari Rial (FOREX:GBPQAR)

Strong Downtrend (-100) - GBPQAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPQAR continues to fall. 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.

FOREX_GBPQAR
Open High Low GBPQAR Price Change
4.5326661 4.5326661 4.5320056 4.5320056 -0.0006610
Entry Signal

MarketClub’s Trade Triangles for GBPQAR

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 4.5804504

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 4.6243714

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 4.5997171

Smart Scan Analysis for GBPQAR

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

-100
Smart Scan Analysis for GBPQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5326661 4.5326661 4.5320056 4.5320056 -0.0006610
Prev. Close Volume Bid Ask Time
4.5326661 2024-04-12 16:22:24
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