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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
US Dollar/Qatari Rial (FOREX:USDQAR)
Countertrend Up (+85) - USDQAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDQAR
The long-term trend has been UP since Apr 30th, 2024 at 3.6685254
The intermediate-term trend has been UP since Apr 30th, 2024 at 3.6505701
The short-term trend has been UP since May 7th, 2024 at 3.6415761
Smart Scan Analysis for USDQAR
Based on our trend formula, USDQAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.6472761 | 3.6472761 | 3.6407500 | 3.6407500 | -0.0065260 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.6472761 | 2024-05-08 16:10:38 |