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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)

Long-Term Downtrend (-90) - SARUSD is in a strong downtrend that is likely to continue. While SARUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_SARUSD
Open High Low SARUSD Price Change
0.26662190 0.26665473 0.26656523 0.26662592 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term down The long-term trend has been DOWN since Dec 17th, 2023 at 0.26516462

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.26656235

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 0.26661872

Smart Scan Analysis for SARUSD

Based on our trend formula, SARUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26662190 0.26665473 0.26656523 0.26662592 +0.00000400
Prev. Close Volume Bid Ask Time
0.26662190 2024-03-28 12:59:07
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