Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Long-Term Downtrend (-90) - GBPHKD is in a strong downtrend that is likely to continue. While GBPHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Feb 28th, 2020 at 9.992210
The intermediate-term trend has been DOWN since May 13th, 2020 at 9.491975
The short-term trend has been DOWN since May 22nd, 2020 at 9.444300
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).