Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Bull Market Weakness (+75) - CADSAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADSAR as it may be in the beginning stages of a reversal.
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 DOWN since Feb 10th, 2020 at 2.8148314
The intermediate-term trend has been UP since Apr 13th, 2020 at 2.6975883
The short-term trend has been UP since May 26th, 2020 at 2.7028001
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).