Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)
Long-Term Downtrend (-90) - BRLHKD is in a strong downtrend that is likely to continue. While BRLHKD is showing intraday strength, it remains in the confines of a bearish trend. 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 Sep 30th, 2021 at 1.4236658
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1.4564788
The short-term trend has been DOWN since Oct 18th, 2021 at 1.4065259
Smart Scan Analysis for BRLHKD
Based on our trend formula, BRLHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).