Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)
Weak Uptrend (+65) - USDSAR is showing signs of weakening momentum to the upside. Monitor USDSAR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDSAR
The long-term trend has been UP since Dec 22nd, 2020 at 3.7706943
The intermediate-term trend has been UP since Mar 1st, 2021 at 3.7536351
The short-term trend has been DOWN since Apr 16th, 2021 at 3.7493378
Smart Scan Analysis for USDSAR
Based on our trend formula, USDSAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).