Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 DOWN since Apr 5th, 2018 at 4.59100
The short term trend has been UP since Apr 16th, 2018 at 4.64035
Smart Scan Analysis for EURSAR
Based on a pre-defined weighted trend formula for chart analysis, EURSAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).