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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Hong Kong Dollar/British Pound (FOREX:HKDGBP)

Sidelines Mode (+55) - HKDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.100208 0.100373 0.100020 0.100322 +0.000114
Entry Signal

MarketClub’s Trade Triangles for HKDGBP

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.1021255

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.1012845

short term up The short-term trend has been UP since May 24th, 2024 at 0.1009820

Smart Scan Analysis for HKDGBP

Based on our trend formula, HKDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.100208 0.100373 0.100020 0.100322 +0.000114
Prev. Close Volume Bid Ask Time
0.100208 2024-05-28 15:07:24
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