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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Weak Downtrend (-65) - GBPSAR is showing signs of a strengthening downtrend. Monitor GBPSAR as it may be building momentum to the downside.

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.

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FOREX_GBPSAR
Open High Low GBPSAR Price Change
4.7973895 4.7981222 4.7844270 4.7924920 -0.0048980
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 4.7554571

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.9123016

short term up The short-term trend has been UP since Nov 27th, 2024 at 4.7339199

Smart Scan Analysis for GBPSAR

Based on our trend formula, GBPSAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7973895 4.7981222 4.7844270 4.7924920 -0.0048980
Prev. Close Volume Bid Ask Time
4.7973895 2024-12-11 03:46:14
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