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Forex Trend Analysis Report

Prepared for you on Monday, December 30, 2024.

British Pound/Saudi Arabian Riyal (FOREX:GBPSAR)

Countertrend Down (-85) - GBPSAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
4.7212672 4.7302374 4.7212672 4.7265512 +0.0052840
Entry Signal

MarketClub’s Trade Triangles for GBPSAR

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 4.7554571

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.9123016

short term up The short-term trend has been UP since Dec 30th, 2024 at 4.7250828

Smart Scan Analysis for GBPSAR

Based on our trend formula, GBPSAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7212672 4.7302374 4.7212672 4.7265512 +0.0052840
Prev. Close Volume Bid Ask Time
4.7212672 2024-12-30 08:42:59
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