Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Long-Term Uptrend (+90) - HKDBRL is in a strong uptrend that is likely to continue. While HKDBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 30th, 2021 at 0.7024123
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.6868790
The short-term trend has been UP since Oct 18th, 2021 at 0.7109719
Smart Scan Analysis for HKDBRL
Based on our trend formula, HKDBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).