Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

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
4.5517210 4.5793129 4.5509536 4.5767254 +0.0250040
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Sep 19th, 2023 at 4.6420065

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2023 at 4.7922865

short term down The short-term trend has been DOWN since Sep 13th, 2023 at 4.6720414

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
4.5517210 4.5793129 4.5509536 4.5767254 +0.0250040
Prev. Close Volume Bid Ask Time
4.5517210 2023-09-28 17:13:45
Get a free daily analysis and signals for British Pound/Saudi Arabian Riyal (GBPSAR) - Request Your Free Report.