Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Bull Market Weakness (+75) - BRLHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BRLHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BRLHKD
The long-term trend has been DOWN since Mar 18th, 2024 at 1.5591884
The intermediate-term trend has been UP since May 7th, 2024 at 1.5473786
The short-term trend has been UP since May 3rd, 2024 at 1.5319394
Smart Scan Analysis for BRLHKD
Based on our trend formula, BRLHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5404427 | 1.5417438 | 1.5313266 | 1.5356912 | -0.0047520 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5404427 | 2024-05-08 16:06:20 |