Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
British Pound/Hong Kong Dollar (FOREX:GBPHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 GBPHKD
The long term trend has been UP since Feb 26th, 2019 at 10.367900
The intermediate term trend has been UP since Feb 25th, 2019 at 10.280200
The short term trend has been DOWN since Mar 18th, 2019 at 10.368405
Smart Scan Analysis for GBPHKD
Based on a pre-defined weighted trend formula for chart analysis, GBPHKD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).