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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Hong Kong Dollar/British Pound (FOREX:HKDGBP)

Countertrend Down (-85) - HKDGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid HKDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDGBP
Open High Low HKDGBP Price Change
0.0964985 0.0970945 0.0964175 0.0969055 +0.0004070
Entry Signal

MarketClub’s Trade Triangles for HKDGBP

long term down The long-term trend has been DOWN since Jul 26th, 2020 at 0.1007060

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2020 at 0.0979255

short term up The short-term trend has been UP since Nov 27th, 2020 at 0.0970435

Smart Scan Analysis for HKDGBP

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

-85
Smart Scan Analysis for HKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0964985 0.0970945 0.0964175 0.0969055 +0.0004070
Prev. Close Volume Bid Ask Time
0.0964985 2020-11-27 16:59:28
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