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Forex Trend Analysis Report

Prepared for you on Monday, March 30, 2020.

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.

FOREX_GBPSAR
Open High Low GBPSAR Price Change
4.6598510 4.6676074 4.6282757 4.6603704 +0.0005190
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 4.7896107

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 4.7825888

short term up The short-term trend has been UP since Mar 25th, 2020 at 4.4764294

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).

-55
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6598510 4.6676074 4.6282757 4.6603704 +0.0005190
Prev. Close Volume Bid Ask Time
4.6598510 4.6547687 4.6659721 2020-03-30 05:55:06
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