Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
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 UP since Feb 2nd, 2023 at 1.5628663
The intermediate-term trend has been UP since Aug 29th, 2023 at 1.6160678
The short-term trend has been DOWN since Sep 20th, 2023 at 1.6036452
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).