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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.

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FOREX_GBPHKD
Open High Low GBPHKD Price Change
9.444975 9.450820 9.433400 9.443665 -0.001310
Entry Signal

MarketClub’s Trade Triangles for GBPHKD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 9.992210

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2020 at 9.491975

short term down 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).

-90
Smart Scan Analysis for GBPHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.444975 9.450820 9.433400 9.443665 -0.001310
Prev. Close Volume Bid Ask Time
9.444975 9.442970 9.444360 2020-05-25 05:23:57
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