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.
MarketClub’s Trade Triangles for HKDGBP
The long-term trend has been DOWN since Jul 26th, 2020 at 0.1007060
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 0.0979255
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).