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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)

Crossroads (-60) - CADSAR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_CADSAR
Open High Low CADSAR Price Change
2.7631350 2.7680758 2.7579211 2.7655926 +0.0024580
Entry Signal

MarketClub’s Trade Triangles for CADSAR

long term up The long-term trend has been UP since Dec 14th, 2023 at 2.8001812

intermediate term down The intermediate-term trend has been DOWN since Jan 9th, 2024 at 2.7991460

short term down The short-term trend has been DOWN since Feb 27th, 2024 at 2.7725521

Smart Scan Analysis for CADSAR

Based on our trend formula, CADSAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CADSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7631350 2.7680758 2.7579211 2.7655926 +0.0024580
Prev. Close Volume Bid Ask Time
2.7649400 2024-03-01 15:57:44
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