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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for HKDGBP
The long-term trend has been UP since Nov 14th, 2024 at 0.1013515
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.0984855
The short-term trend has been DOWN since Nov 20th, 2024 at 0.1012005
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1012755 | 0.1013280 | 0.1010700 | 0.1012840 | +0.0000080 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1012755 | 2024-11-20 03:35:06 |