Forex Trend Analysis Report
Prepared for you on Thursday, November 26, 2020.
Qatari Rial/South African Rand (FOREX:QARZAR)
Long-Term Downtrend (-90) - QARZAR is in a strong downtrend that is likely to continue. While QARZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QARZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for QARZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QARZAR
The long-term trend has been DOWN since Sep 15th, 2020 at 4.4861763
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 4.4969265
The short-term trend has been DOWN since Nov 20th, 2020 at 4.2034546
Smart Scan Analysis for QARZAR
Based on our trend formula, QARZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).