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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.

FOREX_USDSAR
Open High Low USDSAR Price Change
3.7507274 3.7508696 3.7504860 3.7508696 +0.0001420
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term down The long-term trend has been DOWN since Aug 6th, 2023 at 3.7290000

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2023 at 3.7455276

short term down 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).

-70
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7507274 3.7508696 3.7504860 3.7508696 +0.0001420
Prev. Close Volume Bid Ask Time
3.7507274 2023-11-29 03:40:50
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