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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.

FOREX_USDQAR
Open High Low USDQAR Price Change
3.6407500 3.6410000 3.6367321 3.6367321 -0.0040180
Entry Signal

MarketClub’s Trade Triangles for USDQAR

long term down The long term trend has been DOWN since Jun 23rd, 2019 at 3.6171000

intermediate term up The intermediate term trend has been UP since Nov 24th, 2019 at 3.6483860

short term down 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).

-65
Smart Scan Analysis for USDQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6407500 3.6410000 3.6367321 3.6367321 -0.0040180
Prev. Close Volume Bid Ask Time
3.6410758 3.5016414 3.7718228 2019-12-05 20:00:16
Want to analyze US Dollar/Qatari Rial USDQAR or another symbol? Try our Free Forex Trend Analysis Report.