Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Hong Kong Dollar/British Pound (FOREX:HKDGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 HKDGBP
The long term trend has been UP since May 1st, 2018 at 0.093125
The intermediate term trend has been UP since Feb 14th, 2019 at 0.099305
The short term trend has been DOWN since Feb 18th, 2019 at 0.098529
Smart Scan Analysis for HKDGBP
Based on a pre-defined weighted trend formula for chart analysis, HKDGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).