Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 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 DOWN since Dec 22nd, 2020 at 0.26520316
The intermediate-term trend has been UP since Feb 5th, 2021 at 0.26761280
The short-term trend has been DOWN since Feb 25th, 2021 at 0.26653600
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).