Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
Hong Kong Dollar/British Pound (FOREX:HKDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Feb 26th, 2019 at 0.096455
The intermediate term trend has been UP since Apr 18th, 2019 at 0.098089
The short term trend has been DOWN since Apr 23rd, 2019 at 0.098002
Smart Scan Analysis for HKDGBP
Based on a pre-defined weighted trend formula for chart analysis, HKDGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).