Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Strong Downtrend (-100) - BRLHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
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 DOWN since Jan 10th, 2020 at 1.8953088
The short-term trend has been DOWN since Feb 19th, 2020 at 1.7800488
Smart Scan Analysis for BRLHKD
Based on our trend formula, BRLHKD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).