Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Bull Market Weakness (+75) - CADSAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADSAR as it may be in the beginning stages of a reversal.
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 UP since Oct 19th, 2021 at 3.0460749
The intermediate-term trend has been UP since Oct 4th, 2021 at 2.9769442
The short-term trend has been DOWN since Oct 22nd, 2021 at 3.0298713
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).