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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

Open High Low USDSAR Price Change
3.75145 3.75460 3.74975 3.75300 +0.00155
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 up The intermediate term trend has been UP since Sep 28th, 2018 at 3.79025

short term up The short term trend has been UP since Nov 16th, 2018 at 3.75405

Smart Scan Analysis for USDSAR

Based on a pre-defined weighted trend formula for chart analysis, USDSAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.75145 3.75460 3.74975 3.75300 +0.00155
Prev. Close Volume Bid Ask Time
3.75145 3.75050 3.75550 2018-11-16 12:41:19
Want to analyze US Dollar/Saudi Arabian Riyal USDSAR or another symbol? Try our Free Forex Trend Analysis Report.