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.
MarketClub’s Trade Triangles for GBPSAR
The long-term trend has been DOWN since Sep 19th, 2023 at 4.6420065
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 4.7922865
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).