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.
MarketClub’s Trade Triangles for QARAED
The long-term trend has been UP since Mar 17th, 2021 at 1.0161691
The intermediate-term trend has been UP since Apr 14th, 2021 at 1.0151187
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).