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.
MarketClub’s Trade Triangles for BRLHKD
The long-term trend has been DOWN since Aug 23rd, 2019 at 1.9060500
The intermediate-term trend has been UP since Nov 5th, 2020 at 1.4026580
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).