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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Countertrend Down (-85) - CADSAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CADSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADSAR
The long-term trend has been DOWN since Oct 28th, 2024 at 2.7027226
The intermediate-term trend has been DOWN since Oct 8th, 2024 at 2.7507833
The short-term trend has been UP since Nov 19th, 2024 at 2.6839489
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6893451 | 2.6908673 | 2.6882740 | 2.6884671 | -0.0008780 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6893451 | 2024-11-20 03:14:23 |