Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)
Bull Market Weakness (+75) - USDSAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDSAR as it may be in the beginning stages of a reversal.
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 Jan 2nd, 2020 at 3.7657222
The intermediate-term trend has been UP since Mar 29th, 2020 at 3.7661500
The short-term trend has been DOWN since Apr 8th, 2020 at 3.7586357
Smart Scan Analysis for USDSAR
Based on our trend formula, USDSAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).