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.
MarketClub’s Trade Triangles for GBPSAR
The long-term trend has been DOWN since Jul 19th, 2021 at 5.1298746
The intermediate-term trend has been UP since Oct 15th, 2021 at 5.1557387
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).