Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
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.
MarketClub’s Trade Triangles for GBPHKD
The long-term trend has been DOWN since Jul 19th, 2021 at 10.6317
The intermediate-term trend has been UP since Jul 27th, 2021 at 10.8059
The short-term trend has been UP since Jul 22nd, 2021 at 10.6916
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).