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.
MarketClub’s Trade Triangles for SARUSD
The long-term trend has been UP since Aug 3rd, 2021 at 0.26803629
The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.26635220
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).