Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HKDBRL
The long term trend has been UP since Aug 23rd, 2019 at 0.52465000
The intermediate term trend has been UP since Jan 10th, 2020 at 0.52761891
The short term trend has been DOWN since Jan 23rd, 2020 at 0.53579347
Smart Scan Analysis for HKDBRL
Based on a pre-defined weighted trend formula for chart analysis, HKDBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).