Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Qatari Rial/British Pound (FOREX:QARGBP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 QARGBP
The long term trend has been UP since May 4th, 2018 at 0.199695
The intermediate term trend has been UP since Feb 12th, 2019 at 0.213360
The short term trend has been UP since Feb 5th, 2019 at 0.210245
Smart Scan Analysis for QARGBP
Based on a pre-defined weighted trend formula for chart analysis, QARGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).