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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Weak Uptrend (+65) - USDSAR is showing signs of weakening momentum to the upside. Monitor 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
3.7541134 3.7543217 3.7539548 3.7542470 +0.0001340
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term up The long-term trend has been UP since Nov 8th, 2024 at 3.7712988

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2024 at 3.7658339

short term down The short-term trend has been DOWN since Nov 8th, 2024 at 3.7555874

Smart Scan Analysis for USDSAR

Based on our trend formula, USDSAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7541134 3.7543217 3.7539548 3.7542470 +0.0001340
Prev. Close Volume Bid Ask Time
3.7541134 2024-11-20 03:40:13
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