Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since May 1st, 2018 at 4.52395
The intermediate term trend has been UP since Jul 9th, 2018 at 4.41565
The short term trend has been UP since Jul 16th, 2018 at 4.38605
Smart Scan Analysis for EURSAR
Based on a pre-defined weighted trend formula for chart analysis, EURSAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).