Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Saudi Arabian Riyal/Euro (FOREX:SAREUR)
Weak Uptrend (+65) - SAREUR is showing signs of weakening momentum to the upside. Monitor 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 Sep 14th, 2023 at 0.24989419
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.25077152
The short-term trend has been UP since Nov 30th, 2023 at 0.24437176
Smart Scan Analysis for SAREUR
Based on our trend formula, SAREUR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).