Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for GBPSAR
The long term trend has been DOWN since May 1st, 2018 at 5.14385
The intermediate term trend has been UP since Aug 29th, 2018 at 4.87945
The short term trend has been DOWN since Oct 17th, 2018 at 4.91820
Smart Scan Analysis for GBPSAR
Based on a pre-defined weighted trend formula for chart analysis, GBPSAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).