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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.

FOREX_SARUSD
Open High Low SARUSD Price Change
0.26661654 0.26666333 0.26657606 0.26662981 +0.00001300
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term down The long-term trend has been DOWN since Dec 22nd, 2020 at 0.26520316

intermediate term up The intermediate-term trend has been UP since Feb 5th, 2021 at 0.26761280

short term down 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).

-55
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26661654 0.26666333 0.26657606 0.26662981 +0.00001300
Prev. Close Volume Bid Ask Time
0.26661654 2021-02-26 16:18:27
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