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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Long-Term Downtrend (-90) - GBPSAR is in a strong downtrend that is likely to continue. While GBPSAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
4.743614 4.743614 4.743614 4.743614 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 4.6977884

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 4.7583717

short term down The short-term trend has been DOWN since Jun 20th, 2024 at 4.7504584

Smart Scan Analysis for GBPSAR

Based on our trend formula, GBPSAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.743614 4.743614 4.743614 4.743614 0.000000
Prev. Close Volume Bid Ask Time
4.743614 2024-06-22 02:49:30
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