Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Qatari Rial/US Dollar (FOREX:QARUSD)
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 QARUSD
The long term trend has been DOWN since Dec 14th, 2018 at 0.274605
The intermediate term trend has been UP since Feb 14th, 2019 at 0.274650
The short term trend has been UP since Feb 14th, 2019 at 0.274650
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).