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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.

FOREX_GBPHKD
Open High Low GBPHKD Price Change
10.96280 10.99170 10.91670 10.91855 -0.04425
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term up The long-term trend has been UP since Jul 26th, 2020 at 9.92998

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 10.82430

short term up 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).

+90
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.96280 10.99170 10.91670 10.91855 -0.04425
Prev. Close Volume Bid Ask Time
10.96280 2021-05-12 13:38:49
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