Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
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 Sep 6th, 2017 at 2.51465
The intermediate term trend has been UP since Sep 5th, 2017 at 2.50275
The short term trend has been UP since Sep 22nd, 2017 at 2.49615
Smart Scan Analysis for BRLHKD
Based on a pre-defined weighted trend formula for chart analysis, BRLHKD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).