Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Saudi Arabian Riyal/Pakistani Rupee (FOREX:SARPKR)
Long-Term Downtrend (-90) - SARPKR is in a strong downtrend that is likely to continue. While SARPKR 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 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 DOWN since Oct 17th, 2023 at 73.75042
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 74.72585
The short-term trend has been DOWN since Nov 21st, 2023 at 76.77848
Smart Scan Analysis for SARPKR
Based on our trend formula, SARPKR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).