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Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
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 Sep 5th, 2023 at 2.7509127
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 2.7499144
The short-term trend has been UP since Sep 29th, 2023 at 2.7835929
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 |
|---|---|---|---|---|
| 2.7584766 | 2.7649789 | 2.7402707 | 2.7402707 | -0.0182060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7584766 | 2023-10-02 21:31:17 |