Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
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 UP since Apr 17th, 2020 at 0.26726839
The intermediate-term trend has been DOWN since May 4th, 2020 at 0.26532751
The short-term trend has been UP since May 27th, 2020 at 0.26632093
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).