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Forex Trend Analysis Report

Prepared for you on Tuesday, December 5, 2023.

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
3.6405000 3.6554606 3.6405000 3.6554606 +0.0149610
Entry Signal

MarketClub’s Trade Triangles for USDQAR

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 3.6220284

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 3.6542479

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 3.6457584

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
3.6405000 3.6554606 3.6405000 3.6554606 +0.0149610
Prev. Close Volume Bid Ask Time
3.6407500 2023-12-04 21:09:05
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