Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SARUSD
The long term trend has been DOWN since Aug 1st, 2018 at 0.263430
The intermediate term trend has been DOWN since Jul 20th, 2018 at 0.264625
The short term trend has been DOWN since Aug 15th, 2018 at 0.266400
Smart Scan Analysis for SARUSD
Based on a pre-defined weighted trend formula for chart analysis, SARUSD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).