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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Weak Downtrend (-65) - GBPSAR is showing signs of a strengthening downtrend. Monitor GBPSAR as it may be building momentum to the downside.

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
4.7397084 4.7400970 4.7397084 4.7400970 +0.0003890
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term up The long-term trend has been UP since Dec 14th, 2023 at 4.7722481

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 Mar 21st, 2024 at 4.7521697

Smart Scan Analysis for GBPSAR

Based on our trend formula, GBPSAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7397084 4.7400970 4.7397084 4.7400970 +0.0003890
Prev. Close Volume Bid Ask Time
4.7397084 2024-03-29 03:30:06
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