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Forex Trend Analysis Report

Prepared for you on Sunday, August 9, 2020.

US Dollar/Qatari Rial (FOREX:USDQAR)

Sidelines Mode (+55) - USDQAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDQAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDQAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDQAR
Open High Low USDQAR Price Change
3.641 3.641 3.641 3.641 0.000
Entry Signal

MarketClub’s Trade Triangles for USDQAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 3.6201167

intermediate term up The intermediate-term trend has been UP since Jul 29th, 2020 at 3.6443008

short term down The short-term trend has been DOWN since Jul 29th, 2020 at 3.6407500

Smart Scan Analysis for USDQAR

Based on our trend formula, USDQAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.641 3.641 3.641 3.641 0.000
Prev. Close Volume Bid Ask Time
3.652 3.640 3.642 2020-08-07 10:10:21
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