Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BRLHKD
The long term trend has been UP since Jul 4th, 2019 at 2.0545
The intermediate term trend has been DOWN since Aug 1st, 2019 at 2.0398
The short term trend has been DOWN since Aug 12th, 2019 at 1.9650
Smart Scan Analysis for BRLHKD
Based on a pre-defined weighted trend formula for chart analysis, BRLHKD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).