Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for HKDGBP
The long-term trend has been UP since Jul 19th, 2021 at 0.094051
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.093422
The short-term trend has been UP since Oct 22nd, 2021 at 0.093586
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).