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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

British Pound/Hong Kong Dollar (FOREX:GBPHKD)

Weak Downtrend (-65) - GBPHKD is showing signs of a strengthening downtrend. Monitor GBPHKD as it may be building momentum to the downside.

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.

FOREX_GBPHKD
Open High Low GBPHKD Price Change
10.07323 10.10050 10.06790 10.07160 -0.00163
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term up The long-term trend has been UP since Jul 10th, 2024 at 10.04329

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 10.15373

short term down The short-term trend has been DOWN since Oct 16th, 2024 at 10.11380

Smart Scan Analysis for GBPHKD

Based on our trend formula, GBPHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.07323 10.10050 10.06790 10.07160 -0.00163
Prev. Close Volume Bid Ask Time
10.07160 2024-10-25 21:39:50
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