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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)

Strong Downtrend (-100) - CADSAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADSAR continues to fall. Traders should use caution and set stops.

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
2.7188671 2.7223525 2.7182851 2.7201283 +0.0012610
Entry Signal

MarketClub’s Trade Triangles for CADSAR

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 2.7552871

intermediate term down The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 2.7275406

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 2.7495447

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).

-100
Smart Scan Analysis for CADSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7188671 2.7223525 2.7182851 2.7201283 +0.0012610
Prev. Close Volume Bid Ask Time
2.7188671 2024-07-24 13:34:45
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