Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
Hong Kong Dollar/British Pound (FOREX:HKDGBP)
Bull Market Weakness (+75) - HKDGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDGBP as it may be in the beginning stages of a reversal.
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 UP since Feb 28th, 2020 at 0.1000755
The intermediate-term trend has been UP since Mar 12th, 2020 at 0.1008605
The short-term trend has been UP since Apr 3rd, 2020 at 0.1049730
Smart Scan Analysis for HKDGBP
Based on our trend formula, HKDGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).