Forex Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Bear Market Rally (-75) - SARJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SARJPY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARJPY
The long-term trend has been DOWN since Dec 1st, 2022 at 36.330192
The intermediate-term trend has been DOWN since Nov 10th, 2022 at 38.618459
The short-term trend has been UP since Jan 24th, 2023 at 34.852373
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).