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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)

Strong Downtrend (-100) - BRLHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLHKD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BRLHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLHKD
Open High Low BRLHKD Price Change
1.5095851 1.5115187 1.4874407 1.4877487 -0.0218360
Entry Signal

MarketClub’s Trade Triangles for BRLHKD

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 1.5591884

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2024 at 1.5813589

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 1.5432357

Smart Scan Analysis for BRLHKD

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

-100
Smart Scan Analysis for BRLHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5095851 1.5115187 1.4874407 1.4877487 -0.0218360
Prev. Close Volume Bid Ask Time
1.5095851 2024-04-16 10:03:09
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