Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Sidelines Mode (+55) - QARAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QARAED
The long-term trend has been UP since Oct 19th, 2021 at 1.0149837
The intermediate-term trend has been UP since Sep 13th, 2021 at 1.0115912
The short-term trend has been DOWN since Oct 20th, 2021 at 1.0059128
Smart Scan Analysis for QARAED
Based on our trend formula, QARAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).