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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.

FOREX_CADSAR
Open High Low CADSAR Price Change
2.8327978 2.8367731 2.8320101 2.8341679 +0.0013700
Entry Signal

MarketClub’s Trade Triangles for CADSAR

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 2.8148314

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 2.8637850

short term up 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).

-85
Smart Scan Analysis for CADSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8327978 2.8367731 2.8320101 2.8341679 +0.0013700
Prev. Close Volume Bid Ask Time
2.8327978 2.8306808 2.8376550 2020-02-17 16:32:04
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