Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)
Long-Term Uptrend (+90) - USDSAR is in a strong uptrend that is likely to continue. While USDSAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSAR
The long-term trend has been UP since Apr 14th, 2022 at 3.7674402
The intermediate-term trend has been UP since Jun 1st, 2022 at 3.7626191
The short-term trend has been UP since Jul 1st, 2022 at 3.7554576
Smart Scan Analysis for USDSAR
Based on our trend formula, USDSAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).