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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.

FOREX_SARUSD
Open High Low SARUSD Price Change
0.26611138 0.26614303 0.26611138 0.26614303 +0.00003200
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term down The long-term trend has been DOWN since Nov 8th, 2024 at 0.26516064

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2024 at 0.26554866

short term up 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).

-75
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways 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
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