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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.

Open High Low GBPSAR Price Change
4.91300 4.92615 4.90610 4.91500 +0.00200
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 up The intermediate term trend has been UP since Aug 29th, 2018 at 4.87945

short term down 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).

Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.91300 4.92615 4.90610 4.91500 +0.00200
Prev. Close Volume Bid Ask Time
4.913 4.91170 4.91830 2018-10-18 11:30:54
Want to analyze British Pound/Saudi Arabian Riyal GBPSAR or another symbol? Try our Free Forex Trend Analysis Report.