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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)

Sidelines Mode (-55) - SARUSD 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 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
0.26661351 0.26673357 0.26655334 0.26655334 -0.00006000
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term up The long-term trend has been UP since Aug 3rd, 2021 at 0.26803629

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.26635220

short term up The short-term trend has been UP since Oct 22nd, 2021 at 0.26667845

Smart Scan Analysis for SARUSD

Based on our trend formula, SARUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26661351 0.26673357 0.26655334 0.26655334 -0.00006000
Prev. Close Volume Bid Ask Time
0.26661351 2021-10-22 17:01:07
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