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Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Sidelines Mode (-55) - BRLHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BRLHKD
The long-term trend has been DOWN since Jun 23rd, 2022 at 1.4991981
The intermediate-term trend has been UP since Jul 27th, 2022 at 1.4945284
The short-term trend has been DOWN since Aug 11th, 2022 at 1.5196190
Smart Scan Analysis for BRLHKD
Based on our trend formula, BRLHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5377437 | 1.5389670 | 1.5217903 | 1.5234560 | -0.0142880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5377437 | 2022-08-16 21:51:31 |