Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)
Weak Downtrend (-65) - USDSAR is showing signs of a strengthening downtrend. Monitor USDSAR as it may be building momentum to the downside.
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 6th, 2023 at 3.7290000
The intermediate-term trend has been DOWN since Nov 27th, 2023 at 3.7455276
The short-term trend has been DOWN since Nov 24th, 2023 at 3.7498516
Smart Scan Analysis for USDSAR
Based on our trend formula, USDSAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).