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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)

Long-Term Downtrend (-90) - BRLHKD is in a strong downtrend that is likely to continue. While BRLHKD is showing intraday strength, it remains in the confines of a bearish trend. 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
1.4109607 1.4113843 1.3854774 1.3922948 -0.0186660
Entry Signal

MarketClub’s Trade Triangles for BRLHKD

long term down The long-term trend has been DOWN since Sep 30th, 2021 at 1.4236658

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1.4564788

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 1.4065259

Smart Scan Analysis for BRLHKD

Based on our trend formula, BRLHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BRLHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4109607 1.4113843 1.3854774 1.3922948 -0.0186660
Prev. Close Volume Bid Ask Time
1.4109607 2021-10-19 20:33:56
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