Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Long-Term Uptrend (+90) - GBPHKD is in a strong uptrend that is likely to continue. While GBPHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GBPHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPHKD
The long-term trend has been UP since Jul 26th, 2020 at 9.92998
The intermediate-term trend has been UP since Apr 19th, 2021 at 10.82430
The short-term trend has been UP since Apr 14th, 2021 at 10.71220
Smart Scan Analysis for GBPHKD
Based on our trend formula, GBPHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).