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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)

Strong Downtrend (-100) - QARAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, QARAED continues to fall. Traders should use caution and set stops.

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

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

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FOREX_QARAED
Open High Low QARAED Price Change
1.0044848 1.0067487 1.0026793 1.0027804 -0.0017040
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 0.9964755

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 1.0036158

short term down The short-term trend has been DOWN since May 29th, 2024 at 1.0039305

Smart Scan Analysis for QARAED

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

-100
Smart Scan Analysis for QARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0044848 1.0067487 1.0026793 1.0027804 -0.0017040
Prev. Close Volume Bid Ask Time
1.0044848 2024-05-29 19:56:25
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