Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Saudi Arabian Riyal/Kuwaiti Dinar (FOREX:SARKWD)

Long-Term Downtrend (-90) - SARKWD is in a strong downtrend that is likely to continue. While SARKWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SARKWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARKWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARKWD
Open High Low SARKWD Price Change
0.08176821 0.08179687 0.08159630 0.08168019 -0.00008800
Entry Signal

MarketClub’s Trade Triangles for SARKWD

long term down The long-term trend has been DOWN since May 22nd, 2024 at 0.08168721

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2024 at 0.08189151

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.08162364

Smart Scan Analysis for SARKWD

Based on our trend formula, SARKWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SARKWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08176821 0.08179687 0.08159630 0.08168019 -0.00008800
Prev. Close Volume Bid Ask Time
0.08176821 2024-06-12 13:15:06
Get a free daily analysis and signals for Saudi Arabian Riyal/Kuwaiti Dinar (SARKWD) - Request Your Free Report.