Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Long-Term Uptrend (+90) - CADSAR is in a strong uptrend that is likely to continue. While CADSAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Oct 19th, 2021 at 3.0460749
The intermediate-term trend has been UP since Oct 4th, 2021 at 2.9769442
The short-term trend has been UP since Oct 4th, 2021 at 2.9700308
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).