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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2025.

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.

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FOREX_GBPSAR
Open High Low GBPSAR Price Change
4.5804991 4.6126194 4.5726945 4.6126194 +0.0321200
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 4.7554571

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.9123016

short term down The short-term trend has been DOWN since Jan 8th, 2025 at 4.6535310

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
4.5804991 4.6126194 4.5726945 4.6126194 +0.0321200
Prev. Close Volume Bid Ask Time
4.5804991 2025-01-20 09:28:13
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