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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Bull Market Weakness (+75) - GBPSAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPSAR as it may be in the beginning stages of a reversal.

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
5.1842807 5.1843860 5.1725813 5.1826592 -0.0016220
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 5.1298746

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 5.1557387

short term up The short-term trend has been UP since Oct 14th, 2021 at 5.1270132

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
5.1842807 5.1843860 5.1725813 5.1826592 -0.0016220
Prev. Close Volume Bid Ask Time
5.1842807 2021-10-21 10:26:53
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