Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSAR
The long term trend has been UP since Jun 26th, 2019 at 4.2893
The intermediate term trend has been UP since May 24th, 2019 at 4.2241
The short term trend has been DOWN since Jul 16th, 2019 at 4.2171
Smart Scan Analysis for EURSAR
Based on a pre-defined weighted trend formula for chart analysis, EURSAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).