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Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

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
0.104736 0.104778 0.104624 0.104685 -0.000051
Entry Signal

MarketClub’s Trade Triangles for HKDGBP

long term up The long-term trend has been UP since Sep 15th, 2023 at 0.1031515

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2023 at 0.1004490

short term down The short-term trend has been DOWN since Sep 28th, 2023 at 0.1044555

Smart Scan Analysis for HKDGBP

Based on our trend formula, HKDGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.104736 0.104778 0.104624 0.104685 -0.000051
Prev. Close Volume Bid Ask Time
0.104736 2023-10-01 17:08:34
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