Free Daily Analysis

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.

FOREX_GBPHKD
Open High Low GBPHKD Price Change
10.80398 10.80398 10.80398 10.80398 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 10.6317

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2021 at 10.8059

short term up 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).

+60
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.80398 10.80398 10.80398 10.80398 0.00000
Prev. Close Volume Bid Ask Time
10.80398 2021-08-01 03:40:54
Get a free daily analysis and signals for British Pound/Hong Kong Dollar (GBPHKD) - Request Your Free Report.