Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Saudi Arabian Riyal/Euro (FOREX:SAREUR)
Bull Market Weakness (+75) - SAREUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SAREUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SAREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SAREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SAREUR
The long-term trend has been UP since Aug 9th, 2021 at 0.22683482
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.22742779
The short-term trend has been DOWN since Oct 13th, 2021 at 0.23012872
Smart Scan Analysis for SAREUR
Based on our trend formula, SAREUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).