Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Countertrend Down (-85) - BRLHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 18th, 2024 at 1.5591884
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 1.3917824
The short-term trend has been UP since Dec 20th, 2024 at 1.2814176
Smart Scan Analysis for BRLHKD
Based on our trend formula, BRLHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2620895 | 1.2852711 | 1.2572546 | 1.2769958 | +0.0149060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2620895 | 2024-12-20 17:04:18 |