Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Qatari Rial/Swedish Krona (FOREX:QARSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for QARSEK
The long term trend has been UP since Feb 6th, 2019 at 2.51605
The intermediate term trend has been UP since Jul 23rd, 2019 at 2.59815
The short term trend has been DOWN since Aug 21st, 2019 at 2.65095
Smart Scan Analysis for QARSEK
Based on a pre-defined weighted trend formula for chart analysis, QARSEK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).