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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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
4.5754838 4.5777929 4.5717928 4.5777929 +0.0023090
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 4.7896107

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2020 at 4.6027577

short term down The short-term trend has been DOWN since May 22nd, 2020 at 4.5756691

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
4.5754838 4.5777929 4.5717928 4.5777929 +0.0023090
Prev. Close Volume Bid Ask Time
4.5754838 4.5721989 4.5833869 2020-05-25 05:14:06
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