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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.

FOREX_SARJPY
Open High Low SARJPY Price Change
34.612239 34.612239 34.612239 34.612239 0.000000
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 36.330192

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2022 at 38.618459

short term up 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).

-75
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.612239 34.612239 34.612239 34.612239 0.000000
Prev. Close Volume Bid Ask Time
34.612239 2023-01-28 03:03:12
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