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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Saudi Arabian Riyal/Euro (FOREX:SAREUR)
Countertrend Up (+85) - SAREUR 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 SAREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SAREUR.
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 SAREUR
The long-term trend has been UP since Apr 12th, 2024 at 0.24927127
The intermediate-term trend has been UP since Mar 27th, 2024 at 0.24599073
The short-term trend has been UP since May 7th, 2024 at 0.24861436
Smart Scan Analysis for SAREUR
Based on our trend formula, SAREUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.24808394 | 0.24855257 | 0.24805932 | 0.24854639 | +0.00046200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.24808394 | 2024-05-09 07:41:50 |