Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Crossroads (-60) - HKDBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HKDBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDBRL
The long-term trend has been UP since Sep 27th, 2023 at 0.64564636
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.64056540
The short-term trend has been DOWN since Dec 1st, 2023 at 0.62329413
Smart Scan Analysis for HKDBRL
Based on our trend formula, HKDBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).