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Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2025.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Long-Term Downtrend (-90) - GBPHKD is in a strong downtrend that is likely to continue. While GBPHKD is showing intraday strength, it remains in the confines of a bearish trend. 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 Nov 14th, 2024 at 9.8663
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 9.6928
The short-term trend has been DOWN since Jan 19th, 2025 at 9.4676
Smart Scan Analysis for GBPHKD
Based on our trend formula, GBPHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.478815 | 9.495330 | 9.467380 | 9.495050 | +0.016235 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.478815 | 2025-01-19 22:13:06 |