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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

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, SHORTSYMBOL 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
1.0060976 1.0063758 1.0060976 1.0063062 +0.0002090
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term down The long-term trend has been DOWN since Aug 3rd, 2020 at 0.9991418

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2020 at 1.0031528

short term down The short-term trend has been DOWN since Aug 12th, 2020 at 1.0033917

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
1.0060976 1.0063758 1.0060976 1.0063062 +0.0002090
Prev. Close Volume Bid Ask Time
1.0060976 1.0057266 1.0068858 2020-08-14 01:47:09
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