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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.

FOREX_USDSAR
Open High Low USDSAR Price Change
3.7609711 3.7628034 3.7582234 3.7599599 -0.0010110
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term up The long-term trend has been UP since Jan 2nd, 2020 at 3.7657222

intermediate term up The intermediate-term trend has been UP since Mar 29th, 2020 at 3.7661500

short term down 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).

+75
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7609711 3.7628034 3.7582234 3.7599599 -0.0010110
Prev. Close Volume Bid Ask Time
3.7609711 3.7553568 3.7645629 2020-04-09 07:20:35
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