Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Strong Uptrend (+100) - CADSAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADSAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Apr 14th, 2021 at 2.9946309
Smart Scan Analysis for CADSAR
Based on our trend formula, CADSAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).