Forex Trend Analysis Report
Prepared for you on Saturday, May 26, 2018.
US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
MarketClub’s Trade Triangles for USDSAR
The long term trend has been DOWN since May 24th, 2018 at 3.73930
The intermediate term trend has been DOWN since May 13th, 2018 at 3.74500
The short term trend has been DOWN since May 24th, 2018 at 3.74765
Smart Scan Analysis for USDSAR
Based on a pre-defined weighted trend formula for chart analysis, USDSAR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).