Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Bear Market Rally (-75) - GBPHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPHKD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPHKD
The long-term trend has been DOWN since Sep 15th, 2023 at 9.694900
The intermediate-term trend has been UP since Nov 3rd, 2023 at 9.646505
The short-term trend has been DOWN since Dec 5th, 2023 at 9.851400
Smart Scan Analysis for GBPHKD
Based on our trend formula, GBPHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).