Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Weak Downtrend (-65) - BRLHKD is showing signs of a strengthening downtrend. Monitor BRLHKD as it may be building momentum to the downside.
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 Dec 1st, 2020 at 1.4869109
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 1.4851247
The short-term trend has been DOWN since Feb 19th, 2021 at 1.4218178
Smart Scan Analysis for BRLHKD
Based on our trend formula, BRLHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).