Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jun 11th, 2018 at 0.263905
The intermediate term trend has been DOWN since Jun 11th, 2018 at 0.264385
The short term trend has been DOWN since Jun 18th, 2018 at 0.264205
Smart Scan Analysis for SARUSD
Based on a pre-defined weighted trend formula for chart analysis, SARUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).