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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.

FOREX_HKDGBP
Open High Low HKDGBP Price Change
0.0986285 0.0988095 0.0981315 0.0982105 -0.0004180
Entry Signal

MarketClub’s Trade Triangles for HKDGBP

long term down The long-term trend has been DOWN since Jul 26th, 2020 at 0.1007060

intermediate term down The intermediate-term trend has been DOWN since Jul 20th, 2020 at 0.1018490

short term down 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).

-100
Smart Scan Analysis for HKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0986285 0.0988095 0.0981315 0.0982105 -0.0004180
Prev. Close Volume Bid Ask Time
0.0986285 0.0982040 0.0982170 2020-08-05 10:01:59
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