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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)
Sidelines Mode (+55) - GBPSAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 10th, 2024 at 4.8219806
The intermediate-term trend has been UP since Jul 7th, 2024 at 4.8075786
The short-term trend has been DOWN since Jul 18th, 2024 at 4.8542592
Smart Scan Analysis for GBPSAR
Based on our trend formula, GBPSAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.8264014 | 4.8289798 | 4.8231900 | 4.8265208 | +0.0001190 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.8264014 | 2024-07-26 10:21:13 |