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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)

Countertrend Down (-85) - BRLHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_BRLHKD
Open High Low BRLHKD Price Change
1.5670413 1.5714881 1.5629311 1.5629311 -0.0041100
Entry Signal

MarketClub’s Trade Triangles for BRLHKD

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 1.5591884

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2024 at 1.5813589

short term up The short-term trend has been UP since Mar 20th, 2024 at 1.5694087

Smart Scan Analysis for BRLHKD

Based on our trend formula, BRLHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5670413 1.5714881 1.5629311 1.5629311 -0.0041100
Prev. Close Volume Bid Ask Time
1.5670413 2024-03-28 14:04:37
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