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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)
Countertrend Up (+85) - SARUSD 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 SARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARUSD.
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 SARUSD
The long-term trend has been UP since May 7th, 2024 at 0.26751927
The intermediate-term trend has been UP since Apr 3rd, 2024 at 0.26670390
The short-term trend has been UP since May 7th, 2024 at 0.26677816
Smart Scan Analysis for SARUSD
Based on our trend formula, SARUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.26663150 | 0.26673699 | 0.26661993 | 0.26663193 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.26663193 | 2024-05-08 23:00:00 |