Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 DOWN since May 1st, 2018 at 4.52395
The intermediate term trend has been UP since Mar 20th, 2019 at 4.28270
The short term trend has been DOWN since Mar 22nd, 2019 at 4.25115
Smart Scan Analysis for EURSAR
Based on a pre-defined weighted trend formula for chart analysis, EURSAR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).