Forex Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
Qatari Rial/South African Rand (FOREX:QARZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 QARZAR
The long term trend has been UP since Mar 28th, 2019 at 4.03130
The intermediate term trend has been UP since Apr 24th, 2019 at 3.95285
The short term trend has been DOWN since May 23rd, 2019 at 3.93815
Smart Scan Analysis for QARZAR
Based on a pre-defined weighted trend formula for chart analysis, QARZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).