Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Weak Downtrend (-65) - SARJPY is showing signs of a strengthening downtrend. Monitor SARJPY as it may be building momentum to the downside.
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 Feb 28th, 2020 at 28.743802
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 27.982456
The short-term trend has been UP since Nov 23rd, 2020 at 27.770597
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).