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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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.

FOREX_HKDBRL
Open High Low HKDBRL Price Change
0.6917924 0.6932582 0.6867430 0.6876758 -0.0041170
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term up The long-term trend has been UP since Mar 18th, 2024 at 0.64135965

intermediate term up The intermediate-term trend has been UP since May 27th, 2024 at 0.66230205

short term up The short-term trend has been UP since May 22nd, 2024 at 0.65734124

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).

+90
Smart Scan Analysis for HKDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6917924 0.6932582 0.6867430 0.6876758 -0.0041170
Prev. Close Volume Bid Ask Time
0.6917924 2024-06-13 15:56:01
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