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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Bear Market Rally (-75) - GBPHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPHKD as it may be in the beginning of a reversal.
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 9.86630
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 10.15373
The short-term trend has been UP since Nov 20th, 2024 at 9.88200
Smart Scan Analysis for GBPHKD
Based on our trend formula, GBPHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.847270 | 9.850805 | 9.824500 | 9.836900 | -0.010370 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.847270 | 2024-11-21 06:55:21 |