Free Daily Analysis

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.

FOREX_CADSAR
Open High Low CADSAR Price Change
2.9113489 2.9246879 2.9063226 2.9228078 +0.0114590
Entry Signal

MarketClub’s Trade Triangles for CADSAR

long term down The long-term trend has been DOWN since May 2nd, 2022 at 2.9088059

intermediate term up The intermediate-term trend has been UP since Jul 22nd, 2022 at 2.9254536

short term down 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).

-65
Smart Scan Analysis for CADSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9113489 2.9246879 2.9063226 2.9228078 +0.0114590
Prev. Close Volume Bid Ask Time
2.9113489 2022-08-16 21:03:35
Get a free daily analysis and signals for Canadian Dollar/Saudi Arabian Riyal (CADSAR) - Request Your Free Report.