Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)
Strong Uptrend (+100) - HKDBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HKDBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Aug 23rd, 2019 at 0.52465000
The intermediate-term trend has been UP since Jan 10th, 2020 at 0.52761891
The short-term trend has been UP since Mar 30th, 2020 at 0.66117224
Smart Scan Analysis for HKDBRL
Based on our trend formula, HKDBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).