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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Countertrend Up (+85) - USDSAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_USDSAR
Open High Low USDSAR Price Change
3.7504024 3.7504903 3.7502991 3.7503515 -0.0000510
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term up The long-term trend has been UP since Feb 4th, 2024 at 3.7679269

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2024 at 3.7514732

short term up The short-term trend has been UP since Mar 17th, 2024 at 3.7510157

Smart Scan Analysis for USDSAR

Based on our trend formula, USDSAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7504024 3.7504903 3.7502991 3.7503515 -0.0000510
Prev. Close Volume Bid Ask Time
3.7504024 2024-03-19 07:47:58
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