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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

British Pound/Hong Kong Dollar (FOREX:GBPHKD)

Weak Downtrend (-65) - GBPHKD is showing signs of a strengthening downtrend. Monitor GBPHKD as it may be building momentum to the downside.

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
9.7878 9.8180 9.7833 9.7982 +0.0104
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 9.7911

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 9.8926

short term up The short-term trend has been UP since Apr 25th, 2024 at 9.7675

Smart Scan Analysis for GBPHKD

Based on our trend formula, GBPHKD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.7878 9.8180 9.7833 9.7982 +0.0104
Prev. Close Volume Bid Ask Time
9.7878 2024-04-26 06:03:07
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