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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

British Pound/Hong Kong Dollar (FOREX:GBPHKD)

Sidelines Mode (-55) - GBPHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_GBPHKD
Open High Low GBPHKD Price Change
10.689295 10.691800 10.684200 10.684925 -0.004370
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 10.631700

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 10.704305

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 10.682000

Smart Scan Analysis for GBPHKD

Based on our trend formula, GBPHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.689295 10.691800 10.684200 10.684925 -0.004370
Prev. Close Volume Bid Ask Time
10.689295 2021-10-28 02:16:04
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