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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

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

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

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.

FOREX_QARAED
Open High Low QARAED Price Change
1.0103266 1.0104505 1.0042832 1.0056201 -0.0047060
Entry Signal

MarketClub’s Trade Triangles for QARAED

long term up The long term trend has been UP since Aug 26th, 2019 at 1.017450

intermediate term up The intermediate term trend has been UP since Dec 2nd, 2019 at 1.012520

short term down The short term trend has been DOWN since Dec 6th, 2019 at 1.008182

Smart Scan Analysis for QARAED

Based on a pre-defined weighted trend formula for chart analysis, QARAED scored +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
1.0103266 1.0104505 1.0042832 1.0056201 -0.0047060
Prev. Close Volume Bid Ask Time
1.0103266 1.0050011 1.0062390 2019-12-06 16:27:46
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