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.
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 DOWN since Nov 13th, 2018 at 2.07360
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).