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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)

Sidelines Mode (-55) - SARUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_SARUSD
Open High Low SARUSD Price Change
0.26660596 0.26663779 0.26658042 0.26658184 -0.00002400
Entry Signal

MarketClub’s Trade Triangles for SARUSD

long term down The long-term trend has been DOWN since Dec 17th, 2023 at 0.26516462

intermediate term up The intermediate-term trend has been UP since Apr 3rd, 2024 at 0.26670390

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 0.26657349

Smart Scan Analysis for SARUSD

Based on our trend formula, SARUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26660596 0.26663779 0.26658042 0.26658184 -0.00002400
Prev. Close Volume Bid Ask Time
0.26660596 2024-04-16 10:34:09
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