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304 North Cardinal St.
Dorchester Center, MA 02124

General trend: Since November 2025, prices are in a severe downward trend. However, we note an attempt to form a “double bottom” or cross-assembly zone at the level of 130 – 135 riyals.
Support and resistance levels:
Main support level: 130.00 riyals (the previous bottom of the strong price rebound).
Nearby resistance: SAR 150.33 (representing TP1 and bearish spread).
Model: The price is currently in a “testing” phase with the recent breakout of the QR140 level.
2. Smart Currency Concept (SMC) Analysis
Change of Character (CHOCH): With the break above the recent bearish high of 142 SAR, an initial signal emerged to change the trend from bearish to sideways/bullish.
Liquidity Area: Non-target buyer liquidity exists above the 163.78 and 177.23 riyals levels.
Fair Value Gap (FVG): There is a clear price gap between 148 SAR and 155 SAR, and prices tend to try to close that gap.
3. Wyckoff analysis
Current stage: The price is in the accumulation stage. The recent sideways movement between 130 and 144 riyals indicates the absorption of the offered volumes.
Spring: The current rally was preceded by a “spring” (imaginary breakout) in the 130 riyal area, which is a strong indicator of market makers’ desire to rise.
4. Technical indicators
RSI (14): This value is 56.1, which means exiting the inactive zone and starting to buy momentum.
MACD: It shows a positive crossover and the bars started turning green above the zero line (MACD value -0.62 and signal -2.31), which confirms the weakness of the downward momentum.
ADX: The current trend strength is 28.3 and is starting to rise, indicating that a new uptrend is forming.
EMA Crossover: The side panel shows bullish conditions with a middle crossover.
5. Transaction management and digital recommendations
According to the data on the chart (“Sniper Mode” tool):
Ideal entry point: 143.6 – 143.8 riyals (current price).
Stop loss: daily closing price below 135.00 riyals.
Planning goals:
First goal (TP1): 150.33 riyals.
Second goal (TP2): 157.05 riyals.
Third goal (TP3): 163.78 riyals.
6. Scene
Base case: Rally continues to test resistance at QR150.33, supported by “Market Bias: Mild Bull” (Moderate Buy Bias) and a 57% higher “Bull Score”.
Another scenario: If the 135 riyal level is breached, the price will return to test the main bottom at 120-125 riyals and the current consolidation pattern will fail.
7. Final evaluation
Expected trade success rate: 65% (based on the strength of the bottom rebound and the positive divergence of MACD).
Trade type: Swing for a period of time, ranging from one to three weeks, to achieve the highest target.