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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Sidelines Mode (-55) - USDSAR 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 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.

FOREX_USDSAR
Open High Low USDSAR Price Change
3.7567500 3.7594897 3.7541000 3.7561003 -0.0006500
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 3.7316901

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 3.7316901

short term up The short-term trend has been UP since Mar 20th, 2023 at 3.7587787

Smart Scan Analysis for USDSAR

Based on our trend formula, USDSAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7567500 3.7594897 3.7541000 3.7561003 -0.0006500
Prev. Close Volume Bid Ask Time
3.7567500 2023-03-20 21:11:55
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