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Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

Brazilian Real/Hong Kong Dollar (FOREX:BRLHKD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BRLHKD
Open High Low BRLHKD Price Change
1.92540 1.94715 1.92460 1.94445 +0.01905
Entry Signal

MarketClub’s Trade Triangles for BRLHKD

long term up The long term trend has been UP since Jul 4th, 2019 at 2.0545

intermediate term down The intermediate term trend has been DOWN since Aug 1st, 2019 at 2.0398

short term down The short term trend has been DOWN since Aug 12th, 2019 at 1.9650

Smart Scan Analysis for BRLHKD

Based on a pre-defined weighted trend formula for chart analysis, BRLHKD scored -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
1.92540 1.94715 1.92460 1.94445 +0.01905
Prev. Close Volume Bid Ask Time
1.92540 1.94270 1.94620 2019-08-20 14:34:57
Want to analyze Brazilian Real/Hong Kong Dollar BRLHKD or another symbol? Try our Free Forex Trend Analysis Report.