Forex Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
Qatari Rial/British Pound (FOREX:QARGBP)
Strong Downtrend (-100) - QARGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QARGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for QARGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QARGBP
The long-term trend has been DOWN since Jul 27th, 2020 at 0.21529252
The intermediate-term trend has been DOWN since Jun 1st, 2020 at 0.22231960
The short-term trend has been DOWN since Jul 15th, 2020 at 0.21752270
Smart Scan Analysis for QARGBP
Based on our trend formula, QARGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).