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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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
4.8077301 4.8648365 4.7944881 4.8322140 +0.0244840
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term up The long term trend has been UP since Oct 16th, 2019 at 4.7520

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 4.6897

short term up The short term trend has been UP since Oct 13th, 2019 at 4.6205

Smart Scan Analysis for GBPSAR

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

+100
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8077301 4.8648365 4.7944881 4.8322140 +0.0244840
Prev. Close Volume Bid Ask Time
4.8077301 4.8264243 4.8380037 2019-10-17 18:24:12
Want to analyze British Pound/Saudi Arabian Riyal GBPSAR or another symbol? Try our Free Forex Trend Analysis Report.