Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for EURSAR
The long term trend has been UP since Jan 2nd, 2018 at 4.51170
The intermediate term trend has been UP since Nov 15th, 2017 at 4.43720
The short term trend has been DOWN since Feb 20th, 2018 at 4.63975
Smart Scan Analysis for EURSAR
Based on a pre-defined weighted trend formula for chart analysis, EURSAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).