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.
MarketClub’s Trade Triangles for GBPHKD
The long-term trend has been UP since Jul 26th, 2020 at 9.929980
The intermediate-term trend has been UP since Nov 6th, 2020 at 10.212200
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).