Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Japanese Yen/Saudi Arabian Riyal (FOREX:JPYSAR)
Crossroads (+60) - JPYSAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYSAR
The long-term trend has been DOWN since Mar 8th, 2023 at 0.02724744
The intermediate-term trend has been UP since Nov 20th, 2023 at 0.02520682
The short-term trend has been UP since Nov 14th, 2023 at 0.02478661
Smart Scan Analysis for JPYSAR
Based on our trend formula, JPYSAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).