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Forex Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Sidelines Mode (-55) - USDSAR 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 USDSAR?

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

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

FOREX_USDSAR
Open High Low USDSAR Price Change
3.7512684 3.7535364 3.7503826 3.7512679 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term down The long-term trend has been DOWN since Aug 3rd, 2021 at 3.7308381

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2021 at 3.7616454

short term down The short-term trend has been DOWN since Nov 29th, 2021 at 3.7507285

Smart Scan Analysis for USDSAR

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

-55
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7512684 3.7535364 3.7503826 3.7512679 0.0000000
Prev. Close Volume Bid Ask Time
3.7512684 2021-12-02 10:39:33
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