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Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

British Pound/Hong Kong Dollar (FOREX:GBPHKD)

Countertrend Up (+85) - GBPHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
10.338000 10.373005 10.312900 10.335170 -0.002830
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term up The long-term trend has been UP since Jul 26th, 2020 at 9.929980

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2020 at 10.212200

short term down The short-term trend has been DOWN since Nov 27th, 2020 at 10.305185

Smart Scan Analysis for GBPHKD

Based on our trend formula, GBPHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.338000 10.373005 10.312900 10.335170 -0.002830
Prev. Close Volume Bid Ask Time
10.338000 2020-11-30 18:45:08
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