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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

Saudi Arabian Riyal/Euro (FOREX:SAREUR)

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.

FOREX_SAREUR
Open High Low SAREUR Price Change
0.234575 0.234625 0.234575 0.234625 +0.000050
Entry Signal

MarketClub’s Trade Triangles for SAREUR

long term up The long term trend has been UP since May 2nd, 2018 at 0.221050

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2018 at 0.231200

short term up The short term trend has been UP since Dec 11th, 2018 at 0.234805

Smart Scan Analysis for SAREUR

Based on a pre-defined weighted trend formula for chart analysis, SAREUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for SAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.234575 0.234625 0.234575 0.234625 +0.000050
Prev. Close Volume Bid Ask Time
0.234575 0.234350 0.234900 2018-12-14 00:56:59
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