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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

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

Countertrend Up (+85) - QARAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1.0077255 1.0110855 1.0077255 1.0100814 +0.0023560
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term up The long-term trend has been UP since Mar 17th, 2021 at 1.0161691

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2021 at 1.0151187

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 1.0075126

Smart Scan Analysis for QARAED

Based on our trend formula, QARAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for QARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0077255 1.0110855 1.0077255 1.0100814 +0.0023560
Prev. Close Volume Bid Ask Time
1.0077255 2021-05-06 14:57:44
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