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.
MarketClub’s Trade Triangles for HKDBRL
The long-term trend has been DOWN since Feb 2nd, 2023 at 0.63985042
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.66799942
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).