Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Saudi Arabian Riyal/Euro (FOREX:SAREUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SAREUR
The long term trend has been UP since Jul 25th, 2019 at 0.239975
The intermediate term trend has been UP since Jul 23rd, 2019 at 0.238155
The short term trend has been DOWN since Sep 12th, 2019 at 0.240840
Smart Scan Analysis for SAREUR
Based on a pre-defined weighted trend formula for chart analysis, SAREUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).