Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
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 Aug 23rd, 2019 at 0.5246500
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.7124096
The short-term trend has been DOWN since Nov 26th, 2020 at 0.6843518
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).