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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Saudi Arabian Riyal/Euro (FOREX:SAREUR)

Countertrend Up (+85) - SAREUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SAREUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SAREUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SAREUR
Open High Low SAREUR Price Change
0.24963841 0.25008792 0.24939560 0.25008792 +0.00045000
Entry Signal

MarketClub’s Trade Triangles for SAREUR

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.24927127

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 0.24599073

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 0.24968205

Smart Scan Analysis for SAREUR

Based on our trend formula, SAREUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24963841 0.25008792 0.24939560 0.25008792 +0.00045000
Prev. Close Volume Bid Ask Time
0.24963841 2024-04-18 09:43:08
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