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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Countertrend Up (+85) - SARJPY 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 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.

FOREX_SARJPY
Open High Low SARJPY Price Change
41.780771 41.817030 41.775300 41.817030 +0.036259
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 40.224148

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 40.206868

short term down The short-term trend has been DOWN since May 28th, 2024 at 41.782161

Smart Scan Analysis for SARJPY

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

+85
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.780771 41.817030 41.775300 41.817030 +0.036259
Prev. Close Volume Bid Ask Time
41.780771 2024-05-28 02:09:29
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