Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
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.
MarketClub’s Trade Triangles for GBPSAR
The long-term trend has been UP since Jul 27th, 2020 at 4.8057858
The intermediate-term trend has been UP since Dec 16th, 2020 at 5.0763229
The short-term trend has been DOWN since Mar 5th, 2021 at 5.1993304
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).