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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Bull Market Weakness (+75) - USDSAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_USDSAR
Open High Low USDSAR Price Change
3.7503802 3.7509563 3.7498502 3.7507517 +0.0003710
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term down The long-term trend has been DOWN since Apr 24th, 2024 at 3.7287225

intermediate term up The intermediate-term trend has been UP since May 20th, 2024 at 3.7512537

short term up The short-term trend has been UP since May 28th, 2024 at 3.7508312

Smart Scan Analysis for USDSAR

Based on our trend formula, USDSAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7503802 3.7509563 3.7498502 3.7507517 +0.0003710
Prev. Close Volume Bid Ask Time
3.7503802 2024-05-29 10:26:12
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