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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.

FOREX_GBPSAR
Open High Low GBPSAR Price Change
5.2086866 5.2099630 5.1747467 5.1906199 -0.0180670
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term up The long-term trend has been UP since Jul 27th, 2020 at 4.8057858

intermediate term up The intermediate-term trend has been UP since Dec 16th, 2020 at 5.0763229

short term down 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).

+55
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2086866 5.2099630 5.1747467 5.1906199 -0.0180670
Prev. Close Volume Bid Ask Time
5.2086866 2021-03-05 19:31:40
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