Forex Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
Qatari Rial/British Pound (FOREX:QARGBP)
Sidelines Mode (+55) - QARGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Nov 12th, 2021 at 0.20402474
The intermediate-term trend has been UP since Feb 24th, 2022 at 0.20441228
The short-term trend has been DOWN since May 19th, 2022 at 0.22237146
Smart Scan Analysis for QARGBP
Based on our trend formula, QARGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).