Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Qatari Rial/South African Rand (FOREX:QARZAR)
Countertrend Down (-85) - QARZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 23rd, 2021 at 4.0165636
The short-term trend has been UP since Apr 20th, 2021 at 3.9353573
Smart Scan Analysis for QARZAR
Based on our trend formula, QARZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).