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Forex Trend Analysis Report

Prepared for you on Monday, May 6, 2024.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Weak Uptrend (+65) - SARJPY is showing signs of weakening momentum to the upside. Monitor SARJPY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SARJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARJPY
Open High Low SARJPY Price Change
41.051925 41.053660 40.908479 41.038513 -0.013412
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 40.224148

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 40.206868

short term down The short-term trend has been DOWN since Apr 29th, 2024 at 41.447809

Smart Scan Analysis for SARJPY

Based on our trend formula, SARJPY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.051925 41.053660 40.908479 41.038513 -0.013412
Prev. Close Volume Bid Ask Time
41.051925 2024-05-06 12:18:50
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