Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Saudi Arabian Riyal/US Dollar (FOREX:SARUSD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SARUSD
The long term trend has been UP since Aug 24th, 2018 at 0.26764
The intermediate term trend has been DOWN since Feb 5th, 2019 at 0.26629
The short term trend has been DOWN since Mar 17th, 2019 at 0.26647
Smart Scan Analysis for SARUSD
Based on a pre-defined weighted trend formula for chart analysis, SARUSD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).