Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Long-Term Uptrend (+90) - EURSAR is in a strong uptrend that is likely to continue. While EURSAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSAR
The long-term trend has been UP since Jul 14th, 2020 at 4.28270
The intermediate-term trend has been UP since Nov 6th, 2020 at 4.45585
The short-term trend has been UP since Nov 25th, 2020 at 4.46490
Smart Scan Analysis for EURSAR
Based on our trend formula, EURSAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).