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Forex Trend Analysis Report

Prepared for you on Saturday, November 28, 2020.

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.

FOREX_BRLHKD
Open High Low BRLHKD Price Change
1.4523482 1.4563800 1.4413491 1.4504495 -0.0018990
Entry Signal

MarketClub’s Trade Triangles for BRLHKD

long term down The long-term trend has been DOWN since Aug 23rd, 2019 at 1.9060500

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 1.4026580

short term up The short-term trend has been UP since Nov 26th, 2020 at 1.4612373

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).

+60
Smart Scan Analysis for BRLHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4523482 1.4563800 1.4413491 1.4504495 -0.0018990
Prev. Close Volume Bid Ask Time
1.4523482 2020-11-27 17:18:54
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