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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Sidelines Mode (-55) - SARJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SARJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARJPY
Open High Low SARJPY Price Change
39.948821 40.177903 39.948821 40.145605 +0.196784
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 38.605383

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 39.724408

short term up The short-term trend has been UP since Mar 14th, 2024 at 39.457436

Smart Scan Analysis for SARJPY

Based on our trend formula, SARJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.948821 40.177903 39.948821 40.145605 +0.196784
Prev. Close Volume Bid Ask Time
39.948821 2024-03-19 06:55:23
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