Forex Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)
Countertrend Down (-85) - SARUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for SARUSD
The long-term trend has been DOWN since Dec 22nd, 2020 at 0.26520316
The intermediate-term trend has been DOWN since Mar 5th, 2021 at 0.26636450
The short-term trend has been UP since Apr 16th, 2021 at 0.26669000
Smart Scan Analysis for SARUSD
Based on our trend formula, SARUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).