Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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.
MarketClub’s Trade Triangles for BRLHKD
The long-term trend has been DOWN since Aug 23rd, 2019 at 1.9060500
The intermediate-term trend has been DOWN since Jan 10th, 2020 at 1.8953088
The short-term trend has been UP since May 18th, 2020 at 1.3450197
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).