Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 BRLHKD
The long term trend has been DOWN since Nov 3rd, 2017 at 2.3671
The intermediate term trend has been UP since Nov 22nd, 2017 at 2.4104
The short term trend has been UP since Nov 16th, 2017 at 2.3860
Smart Scan Analysis for BRLHKD
Based on a pre-defined weighted trend formula for chart analysis, BRLHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).