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.
MarketClub’s Trade Triangles for USDSAR
The long-term trend has been DOWN since Aug 3rd, 2021 at 3.7308381
The intermediate-term trend has been UP since Nov 28th, 2021 at 3.7616454
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).