Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)
Crossroads (+60) - GBPSAR is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Jul 19th, 2021 at 5.1298746
The intermediate-term trend has been UP since Jul 27th, 2022 at 4.5649873
The short-term trend has been UP since Aug 10th, 2022 at 4.5598256
Smart Scan Analysis for GBPSAR
Based on our trend formula, GBPSAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).