Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Jul 25th, 2019 at 4.16705
The intermediate term trend has been UP since Oct 13th, 2019 at 4.13590
The short term trend has been UP since Oct 16th, 2019 at 4.14190
Smart Scan Analysis for EURSAR
Based on a pre-defined weighted trend formula for chart analysis, EURSAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).