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Forex Trend Analysis Report

Prepared for you on Tuesday, September 25, 2018.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_USDSAR
Open High Low USDSAR Price Change
3.75035 3.75205 3.74830 3.74955 -0.00080
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term down The long term trend has been DOWN since Aug 24th, 2018 at 3.73640

intermediate term down The intermediate term trend has been DOWN since Sep 17th, 2018 at 3.74350

short term up The short term trend has been UP since Sep 19th, 2018 at 3.75335

Smart Scan Analysis for USDSAR

Based on a pre-defined weighted trend formula for chart analysis, USDSAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.75035 3.75205 3.74830 3.74955 -0.00080
Prev. Close Volume Bid Ask Time
3.75035 3.74710 3.75200 2018-09-25 12:38:40
Want to analyze US Dollar/Saudi Arabian Riyal USDSAR or another symbol? Try our Free Forex Trend Analysis Report.