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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.

Open High Low BRLHKD Price Change
2.09115 2.09195 2.07540 2.08825 -0.00290
Entry Signal

MarketClub’s Trade Triangles for BRLHKD

long term up The long term trend has been UP since Oct 17th, 2018 at 2.12835

intermediate term up The intermediate term trend has been UP since Jan 2nd, 2019 at 2.04295

short term down 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).

Smart Scan Analysis for BRLHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.09115 2.09195 2.07540 2.08825 -0.00290
Prev. Close Volume Bid Ask Time
2.09115 2.08630 2.09020 2019-01-21 17:01:18
Want to analyze Brazilian Real/Hong Kong Dollar BRLHKD or another symbol? Try our Free Forex Trend Analysis Report.