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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)

Sidelines Mode (+50) - SARUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SARUSD can gain momentum.

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
0.26607760 0.26607760 0.26600274 0.26600321 -0.00007400
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term down The long-term trend has been DOWN since Jun 23rd, 2022 at 0.26514572

intermediate term up The intermediate-term trend has been UP since Aug 9th, 2022 at 0.26642409

short term up The short-term trend has been UP since Aug 9th, 2022 at 0.26622504

Smart Scan Analysis for SARUSD

Based on our trend formula, SARUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26607760 0.26607760 0.26600274 0.26600321 -0.00007400
Prev. Close Volume Bid Ask Time
0.26607760 2022-08-10 02:05:27
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