Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Bear Market Rally (-75) - CADSAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADSAR as it may be in the beginning 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 May 2nd, 2022 at 2.9088059
The intermediate-term trend has been UP since Jan 4th, 2023 at 2.7856479
The short-term trend has been DOWN since Feb 6th, 2023 at 2.7957034
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).