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.
MarketClub’s Trade Triangles for GBPHKD
The long-term trend has been DOWN since Jul 19th, 2021 at 10.631700
The intermediate-term trend has been UP since Oct 15th, 2021 at 10.704305
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).