Forex Trend Analysis Report
Prepared for you on Sunday, January 16, 2022.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Crossroads (+60) - BRLHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for BRLHKD
The long-term trend has been DOWN since Sep 30th, 2021 at 1.4236658
The intermediate-term trend has been UP since Jan 12th, 2022 at 1.4048812
The short-term trend has been UP since Jan 7th, 2022 at 1.3815584
Smart Scan Analysis for BRLHKD
Based on our trend formula, BRLHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).