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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2019.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPSAR
Open High Low GBPSAR Price Change
4.7214 4.7214 4.7214 4.7214 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long term trend has been DOWN since May 17th, 2019 at 4.78965

intermediate term down The intermediate term trend has been DOWN since May 15th, 2019 at 4.82625

short term down The short term trend has been DOWN since Jun 14th, 2019 at 4.75020

Smart Scan Analysis for GBPSAR

Based on a pre-defined weighted trend formula for chart analysis, GBPSAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7214 4.7214 4.7214 4.7214 0.0000
Prev. Close Volume Bid Ask Time
4.7214 4.7158 4.7270 2019-06-16 20:04:30
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