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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.
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MarketClub’s Trade Triangles for GBPSAR
The long-term trend has been DOWN since Jul 19th, 2021 at 5.1298746
The intermediate-term trend has been DOWN since Aug 18th, 2022 at 4.4963005
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).
| 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 |