Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Qatari Rial/United Arab Emirates Dirham (FOREX:QARAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jan 2nd, 2019 at 0.999175
The intermediate term trend has been UP since Mar 20th, 2019 at 1.012550
The short term trend has been DOWN since Mar 21st, 2019 at 1.006300
Smart Scan Analysis for QARAED
Based on a pre-defined weighted trend formula for chart analysis, QARAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).