Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 HKDBRL
The long term trend has been DOWN since Jan 26th, 2018 at 0.399925
The intermediate term trend has been UP since Feb 6th, 2018 at 0.414895
The short term trend has been UP since Feb 20th, 2018 at 0.414590
Smart Scan Analysis for HKDBRL
Based on a pre-defined weighted trend formula for chart analysis, HKDBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).