Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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 UP since Oct 17th, 2018 at 2.12835
The intermediate term trend has been UP since Jan 2nd, 2019 at 2.04295
The short term trend has been DOWN since Jan 14th, 2019 at 2.10505
Smart Scan Analysis for BRLHKD
Based on a pre-defined weighted trend formula for chart analysis, BRLHKD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).