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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Saudi Arabian Riyal/Pakistani Rupee (FOREX:SARPKR)
Bear Market Rally (-75) - SARPKR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SARPKR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SARPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARPKR.
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 SARPKR
The long-term trend has been DOWN since Oct 17th, 2023 at 73.75042
The intermediate-term trend has been UP since Apr 18th, 2024 at 74.12591
The short-term trend has been DOWN since May 2nd, 2024 at 74.25524
Smart Scan Analysis for SARPKR
Based on our trend formula, SARPKR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.18310 | 74.18976 | 74.18310 | 74.18976 | +0.00666 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.18310 | 2024-05-08 16:10:18 |