Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Saudi Arabian Riyal/Euro (FOREX:SAREUR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SAREUR
The long term trend has been UP since May 2nd, 2018 at 0.22105
The intermediate term trend has been UP since Oct 2nd, 2018 at 0.23120
The short term trend has been UP since Oct 17th, 2018 at 0.23098
Smart Scan Analysis for SAREUR
Based on a pre-defined weighted trend formula for chart analysis, SAREUR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).