Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)
Bear Market Rally (-75) - USDSAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDSAR as it may be in the beginning 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 DOWN since Apr 17th, 2020 at 3.7445881
The intermediate-term trend has been UP since May 4th, 2020 at 3.7718500
The short-term trend has been DOWN since May 26th, 2020 at 3.7551254
Smart Scan Analysis for USDSAR
Based on our trend formula, USDSAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).