Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Hong Kong Dollar/British Pound (FOREX:HKDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HKDGBP
The long term trend has been DOWN since Oct 11th, 2019 at 0.1007950
The intermediate term trend has been UP since Dec 23rd, 2019 at 0.0990500
The short term trend has been DOWN since Jan 22nd, 2020 at 0.0983745
Smart Scan Analysis for HKDGBP
Based on a pre-defined weighted trend formula for chart analysis, HKDGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).