Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Qatari Rial/US Dollar (FOREX:QARUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 QARUSD
The long term trend has been UP since Jul 26th, 2019 at 0.27468500
The intermediate term trend has been DOWN since Oct 25th, 2019 at 0.27464984
The short term trend has been DOWN since Oct 25th, 2019 at 0.27464984
Smart Scan Analysis for QARUSD
Based on a pre-defined weighted trend formula for chart analysis, QARUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).