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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

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
0.26661474 0.26667665 0.26657486 0.26665754 +0.00004300
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term up The long-term trend has been UP since Apr 11th, 2023 at 0.26830757

intermediate term down The intermediate-term trend has been DOWN since Jun 2nd, 2023 at 0.26570227

short term down The short-term trend has been DOWN since Jun 2nd, 2023 at 0.26636970

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
0.26661474 0.26667665 0.26657486 0.26665754 +0.00004300
Prev. Close Volume Bid Ask Time
0.26661474 2023-06-05 14:49:46
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