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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Crossroads (+60) - GBPHKD is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for GBPHKD
The long-term trend has been DOWN since Nov 14th, 2024 at 9.866300
The intermediate-term trend has been UP since Feb 5th, 2025 at 9.750785
The short-term trend has been UP since Feb 4th, 2025 at 9.716800
Smart Scan Analysis for GBPHKD
Based on our trend formula, GBPHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.714640 | 9.770955 | 9.709100 | 9.740800 | +0.026160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.714640 | 2025-02-05 12:02:50 |