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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)

Crossroads (+60) - SARUSD is struggling to move into a solid trend. Beware of choppy markets 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
0.26660204 0.26660537 0.26660117 0.26660117 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term down The long-term trend has been DOWN since Dec 17th, 2023 at 0.26516462

intermediate term up The intermediate-term trend has been UP since Apr 3rd, 2024 at 0.26670390

short term up The short-term trend has been UP since Apr 21st, 2024 at 0.26667541

Smart Scan Analysis for SARUSD

Based on our trend formula, SARUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26660204 0.26660537 0.26660117 0.26660117 -0.00000100
Prev. Close Volume Bid Ask Time
0.26660204 2024-04-23 01:44:50
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