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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Countertrend Up (+85) - HKDBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for HKDBRL
The long-term trend has been UP since Mar 18th, 2024 at 0.64135965
The intermediate-term trend has been UP since Oct 9th, 2024 at 0.71850340
The short-term trend has been DOWN since Nov 18th, 2024 at 0.74085730
Smart Scan Analysis for HKDBRL
Based on our trend formula, HKDBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7418520 | 0.7423277 | 0.7414992 | 0.7421397 | +0.0002880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7418520 | 2024-11-20 03:22:11 |