Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)

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.

FOREX_SARUSD
Open High Low SARUSD Price Change
0.266670 0.266675 0.266415 0.266550 -0.000120
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term up The long term trend has been UP since Aug 24th, 2018 at 0.267640

intermediate term down The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.263935

short term down The short term trend has been DOWN since Oct 9th, 2018 at 0.266000

Smart Scan Analysis for SARUSD

Based on a pre-defined weighted trend formula for chart analysis, SARUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.266670 0.266675 0.266415 0.266550 -0.000120
Prev. Close Volume Bid Ask Time
0.266670 0.266240 0.266860 2018-10-17 17:21:17
Want to analyze Saudi Arabian Riyal/US Dollar SARUSD or another symbol? Try our Free Forex Trend Analysis Report.