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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)
Bear Market Rally (-75) - GBPSAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPSAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPSAR
The long-term trend has been DOWN since Nov 14th, 2024 at 4.7554571
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.9123016
The short-term trend has been UP since Nov 20th, 2024 at 4.7656424
Smart Scan Analysis for GBPSAR
Based on our trend formula, GBPSAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7619048 | 4.7726427 | 4.7619048 | 4.7648779 | +0.0029730 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7619048 | 2024-11-20 03:14:23 |