Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Saudi Arabian Riyal/Euro (FOREX:SAREUR)
Long-Term Downtrend (-90) - SAREUR is in a strong downtrend that is likely to continue. While SAREUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 11th, 2022 at 0.25683874
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.24895478
The short-term trend has been DOWN since Mar 21st, 2023 at 0.24810240
Smart Scan Analysis for SAREUR
Based on our trend formula, SAREUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).