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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_BRLHKD
Open High Low BRLHKD Price Change
2.06920 2.09825 2.06920 2.09125 +0.02205
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 down The intermediate term trend has been DOWN since Nov 13th, 2018 at 2.07360

short term up The short term trend has been UP since Nov 16th, 2018 at 2.08460

Smart Scan Analysis for BRLHKD

Based on a pre-defined weighted trend formula for chart analysis, BRLHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BRLHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.06920 2.09825 2.06920 2.09125 +0.02205
Prev. Close Volume Bid Ask Time
2.06920 2.08930 2.09320 2018-11-16 17:48:31
Want to analyze Brazilian Real/Hong Kong Dollar BRLHKD or another symbol? Try our Free Forex Trend Analysis Report.