Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Saudi Arabian Riyal/Pakistani Rupee (FOREX:SARPKR)
Sidelines Mode (+55) - SARPKR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SARPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARPKR
The long-term trend has been UP since Jul 6th, 2021 at 42.213855
The intermediate-term trend has been UP since Feb 28th, 2022 at 46.969280
The short-term trend has been DOWN since Aug 9th, 2022 at 59.850602
Smart Scan Analysis for SARPKR
Based on our trend formula, SARPKR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).