Forex Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
Euro/Saudi Arabian Riyal (FOREX:EURSAR)
Bear Market Rally (-75) - EURSAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURSAR as it may be in the beginning of a reversal.
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 DOWN since Aug 9th, 2021 at 4.40850
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 4.32255
The short-term trend has been UP since Nov 26th, 2021 at 4.22900
Smart Scan Analysis for EURSAR
Based on our trend formula, EURSAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).