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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)
Bear Market Rally (-75) - SARUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SARUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SARUSD
The long-term trend has been DOWN since Nov 8th, 2024 at 0.26516064
The intermediate-term trend has been DOWN since Nov 8th, 2024 at 0.26554866
The short-term trend has been UP since Nov 25th, 2024 at 0.26641862
Smart Scan Analysis for SARUSD
Based on our trend formula, SARUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.26611138 | 0.26614303 | 0.26611138 | 0.26614303 | +0.00003200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.26611138 | 2024-12-05 01:08:52 |