Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)
Crossroads (+60) - USDSAR 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 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 DOWN since Aug 3rd, 2021 at 3.7308381
The intermediate-term trend has been UP since Sep 17th, 2021 at 3.7552419
The short-term trend has been UP since Oct 18th, 2021 at 3.7519487
Smart Scan Analysis for USDSAR
Based on our trend formula, USDSAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).