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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

British Pound/Hong Kong Dollar (FOREX:GBPHKD)

Crossroads (+60) - GBPHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
9.92210 9.96160 9.91790 9.93065 +0.00855
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 9.791100

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 9.873235

short term up The short-term trend has been UP since May 13th, 2024 at 9.799600

Smart Scan Analysis for GBPHKD

Based on our trend formula, GBPHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.92210 9.96160 9.91790 9.93065 +0.00855
Prev. Close Volume Bid Ask Time
9.92210 2024-05-22 07:16:12
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