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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2024.

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

Weak Downtrend (-65) - QARAED is showing signs of a strengthening downtrend. Monitor QARAED as it may be building momentum to the downside.

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.

FOREX_QARAED
Open High Low QARAED Price Change
1.0021118 1.0076599 0.9935602 1.0059226 +0.0038110
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term down The long-term trend has been DOWN since Oct 1st, 2024 at 1.0007330

intermediate term up The intermediate-term trend has been UP since Nov 7th, 2024 at 1.0118098

short term down The short-term trend has been DOWN since Nov 21st, 2024 at 1.0034493

Smart Scan Analysis for QARAED

Based on our trend formula, QARAED is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for QARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0021118 1.0076599 0.9935602 1.0059226 +0.0038110
Prev. Close Volume Bid Ask Time
1.0021118 2024-11-22 12:18:08
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