Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Strong Downtrend (-100) - CADSAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
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 DOWN since Mar 31st, 2020 at 2.6455152
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).