Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
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 UP since Feb 5th, 2021 at 28.172723
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 29.208362
The short-term trend has been DOWN since Jul 27th, 2021 at 29.345336
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).