Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Oct 17th, 2018 at 0.469855
The intermediate term trend has been UP since Nov 13th, 2018 at 0.482685
The short term trend has been UP since Dec 17th, 2018 at 0.501685
Smart Scan Analysis for HKDBRL
Based on a pre-defined weighted trend formula for chart analysis, HKDBRL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).