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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Strong Downtrend (-100) - GBPHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPHKD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPHKD
The long-term trend has been DOWN since Apr 12th, 2024 at 9.79110
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 9.89260
The short-term trend has been DOWN since May 7th, 2024 at 9.78907
Smart Scan Analysis for GBPHKD
Based on our trend formula, GBPHKD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.767305 | 9.770100 | 9.761900 | 9.763420 | -0.003885 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.767305 | 2024-05-09 01:01:37 |