Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Hong Kong Dollar/British Pound (FOREX:HKDGBP)
Long-Term Downtrend (-90) - HKDGBP is in a strong downtrend that is likely to continue. While HKDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 0.100706
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.095300
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.092090
Smart Scan Analysis for HKDGBP
Based on our trend formula, HKDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).