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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Bull Market Weakness (+75) - HKDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HKDBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDBRL.
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 HKDBRL
The long-term trend has been UP since Mar 18th, 2024 at 0.64135965
The intermediate-term trend has been DOWN since May 7th, 2024 at 0.64606717
The short-term trend has been UP since May 8th, 2024 at 0.65313017
Smart Scan Analysis for HKDBRL
Based on our trend formula, HKDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.65118107 | 0.66204465 | 0.65117055 | 0.66012905 | +0.00894800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.65118107 | 2024-05-09 10:40:41 |