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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.

FOREX_SAREUR
Open High Low SAREUR Price Change
0.24584559 0.24825638 0.24565837 0.24790558 +0.00206000
Entry Signal

MarketClub’s Trade Triangles for SAREUR

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 0.25683874

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.24895478

short term down 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).

-90
Smart Scan Analysis for SAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24584559 0.24825638 0.24565837 0.24790558 +0.00206000
Prev. Close Volume Bid Ask Time
0.24584559 2023-03-24 09:01:23
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