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Forex Trend Analysis Report

Prepared for you on Wednesday, September 18, 2019.

US Dollar/Saudi Arabian Riyal (FOREX:USDSAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDSAR
Open High Low USDSAR Price Change
3.75105 3.75760 3.74970 3.75165 +0.00060
Entry Signal

MarketClub’s Trade Triangles for USDSAR

long term down The long term trend has been DOWN since Sep 4th, 2019 at 3.74170

intermediate term up The intermediate term trend has been UP since Sep 16th, 2019 at 3.76845

short term up The short term trend has been UP since Sep 16th, 2019 at 3.76090

Smart Scan Analysis for USDSAR

Based on a pre-defined weighted trend formula for chart analysis, USDSAR scored +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
3.75105 3.75760 3.74970 3.75165 +0.00060
Prev. Close Volume Bid Ask Time
3.75105 3.74910 3.75420 2019-09-18 07:18:11
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