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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)

Sidelines Mode (-55) - HKDBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_HKDBRL
Open High Low HKDBRL Price Change
0.66812069 0.66951806 0.66503983 0.66821326 +0.00009300
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term down The long-term trend has been DOWN since Feb 2nd, 2023 at 0.63985042

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 0.66799942

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 0.66542784

Smart Scan Analysis for HKDBRL

Based on our trend formula, HKDBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HKDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.66812069 0.66951806 0.66503983 0.66821326 +0.00009300
Prev. Close Volume Bid Ask Time
0.66812069 2023-03-21 20:13:49
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