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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.

FOREX_HKDBRL
Open High Low HKDBRL Price Change
0.6885387 0.6937947 0.6866342 0.6894417 +0.0009030
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 0.5246500

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.7124096

short term down 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).

-60
Smart Scan Analysis for HKDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6885387 0.6937947 0.6866342 0.6894417 +0.0009030
Prev. Close Volume Bid Ask Time
0.6885387 2020-11-27 17:18:54
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