Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)
Strong Uptrend (+100) - GBPSAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPSAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Apr 19th, 2021 at 5.2146683
The short-term trend has been UP since Apr 14th, 2021 at 5.1660105
Smart Scan Analysis for GBPSAR
Based on our trend formula, GBPSAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).