Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
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 QARAED
The long term trend has been UP since Aug 26th, 2019 at 1.017450
The intermediate term trend has been UP since Dec 2nd, 2019 at 1.012520
The short term trend has been DOWN since Dec 6th, 2019 at 1.008182
Smart Scan Analysis for QARAED
Based on a pre-defined weighted trend formula for chart analysis, QARAED scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).