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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Strong Downtrend (-100) - GBPSAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPSAR continues to fall. 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.

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FOREX_GBPSAR
Open High Low GBPSAR Price Change
4.6741336 4.6870936 4.6697522 4.6701411 -0.0039920
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 4.6977884

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 4.7445681

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 4.7154756

Smart Scan Analysis for GBPSAR

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

-100
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6741336 4.6870936 4.6697522 4.6701411 -0.0039920
Prev. Close Volume Bid Ask Time
4.6741336 2024-04-15 11:18:06
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