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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for HKDGBP
The long-term trend has been DOWN since Jul 10th, 2024 at 0.099570
The intermediate-term trend has been DOWN since Jul 8th, 2024 at 0.099861
The short-term trend has been UP since Jul 19th, 2024 at 0.099018
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.099580 | 0.099683 | 0.099453 | 0.099546 | -0.000034 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.099580 | 2024-07-26 16:59:57 |