Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Long-Term Downtrend (-90) - GBPSAR is in a strong downtrend that is likely to continue. While GBPSAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_GBPSAR
Open High Low GBPSAR Price Change
4.4762338 4.4762338 4.4316452 4.4428868 -0.0333470
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 5.1298746

intermediate term down The intermediate-term trend has been DOWN since Aug 18th, 2022 at 4.4963005

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 4.5470919

Smart Scan Analysis for GBPSAR

Based on our trend formula, GBPSAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4762338 4.4762338 4.4316452 4.4428868 -0.0333470
Prev. Close Volume Bid Ask Time
4.4762338 2022-08-19 16:18:15
Get a free daily analysis and signals for British Pound/Saudi Arabian Riyal (GBPSAR) - Request Your Free Report.