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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.

FOREX_QARZAR
Open High Low QARZAR Price Change
3.9109607 3.9330714 3.8853161 3.8909062 -0.0200550
Entry Signal

MarketClub’s Trade Triangles for QARZAR

long term down The long-term trend has been DOWN since Sep 15th, 2020 at 4.4861763

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 4.0165636

short term up 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).

-85
Smart Scan Analysis for QARZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9109607 3.9330714 3.8853161 3.8909062 -0.0200550
Prev. Close Volume Bid Ask Time
3.9109607 2021-05-07 17:13:51
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