Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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
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.
MarketClub’s Trade Triangles for CADSAR
The long-term trend has been DOWN since Feb 10th, 2020 at 2.8148314
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 2.8637850
The short-term trend has been UP since Feb 13th, 2020 at 2.8278075
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).