Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Sidelines Mode (+55) - CADSAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADSAR
The long-term trend has been UP since Jun 10th, 2020 at 2.8168957
The intermediate-term trend has been UP since Feb 15th, 2021 at 2.9621390
The short-term trend has been DOWN since Feb 26th, 2021 at 2.9672554
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).