Forex Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
Hong Kong Dollar/British Pound (FOREX:HKDGBP)
Strong Downtrend (-100) - HKDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 0.1007060
The intermediate-term trend has been DOWN since Jul 20th, 2020 at 0.1018490
The short-term trend has been DOWN since Aug 5th, 2020 at 0.0984105
Smart Scan Analysis for HKDGBP
Based on our trend formula, HKDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).