Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Weak Downtrend (-65) - CADSAR is showing signs of a strengthening downtrend. Monitor CADSAR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CADSAR
The long-term trend has been DOWN since May 2nd, 2022 at 2.9088059
The intermediate-term trend has been UP since Jul 22nd, 2022 at 2.9254536
The short-term trend has been DOWN since Aug 15th, 2022 at 2.9336485
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).