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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 2018.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

Open High Low GBPSAR Price Change
4.97420 4.99315 4.97250 4.98415 +0.00995
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long term trend has been DOWN since May 1st, 2018 at 5.14385

intermediate term down The intermediate term trend has been DOWN since Apr 23rd, 2018 at 5.23975

short term up The short term trend has been UP since Jun 22nd, 2018 at 4.97800

Smart Scan Analysis for GBPSAR

Based on a pre-defined weighted trend formula for chart analysis, GBPSAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.97420 4.99315 4.97250 4.98415 +0.00995
Prev. Close Volume Bid Ask Time
4.97420 4.98090 4.98740 2018-06-22 07:17:43
Want to analyze British Pound/Saudi Arabian Riyal GBPSAR or another symbol? Try our Free Forex Trend Analysis Report.