Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

Hong Kong Dollar/British Pound (FOREX:HKDGBP)

Countertrend Up (+85) - HKDGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid HKDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDGBP
Open High Low HKDGBP Price Change
0.1007665 0.1014930 0.1005840 0.1013930 +0.0006270
Entry Signal

MarketClub’s Trade Triangles for HKDGBP

long term up The long-term trend has been UP since Nov 14th, 2024 at 0.1013515

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.0984855

short term up The short-term trend has been UP since Dec 10th, 2024 at 0.1010640

Smart Scan Analysis for HKDGBP

Based on our trend formula, HKDGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for HKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1007665 0.1014930 0.1005840 0.1013930 +0.0006270
Prev. Close Volume Bid Ask Time
0.1007665 2024-12-12 14:24:45
Get a free daily analysis and signals for Hong Kong Dollar/British Pound (HKDGBP) - Request Your Free Report.