Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
US Dollar/Qatari Rial (FOREX:USDQAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 USDQAR
The long term trend has been DOWN since Jun 23rd, 2019 at 3.6171000
The intermediate term trend has been UP since Nov 24th, 2019 at 3.6483860
The short term trend has been DOWN since Dec 5th, 2019 at 3.6393332
Smart Scan Analysis for USDQAR
Based on a pre-defined weighted trend formula for chart analysis, USDQAR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).