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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.

FOREX_CADSAR
Open High Low CADSAR Price Change
2.7943529 2.8024558 2.7867320 2.8000445 +0.0056920
Entry Signal

MarketClub’s Trade Triangles for CADSAR

long term down The long-term trend has been DOWN since May 2nd, 2022 at 2.9088059

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2023 at 2.7856479

short term down 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).

-75
Smart Scan Analysis for CADSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7943529 2.8024558 2.7867320 2.8000445 +0.0056920
Prev. Close Volume Bid Ask Time
2.7943529 2023-02-07 20:28:29
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