Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Countertrend Up (+85) - EURSAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSAR
The long-term trend has been UP since Jul 14th, 2020 at 4.28270
The intermediate-term trend has been UP since Nov 6th, 2020 at 4.45585
The short-term trend has been DOWN since Nov 23rd, 2020 at 4.43410
Smart Scan Analysis for EURSAR
Based on our trend formula, EURSAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).