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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)

Crossroads (-60) - HKDBRL 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 HKDBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDBRL
Open High Low HKDBRL Price Change
0.6958784 0.7024047 0.6943209 0.7008897 +0.0050110
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term up The long-term trend has been UP since Sep 30th, 2021 at 0.7024123

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2022 at 0.7118042

short term down The short-term trend has been DOWN since Jan 19th, 2022 at 0.7052524

Smart Scan Analysis for HKDBRL

Based on our trend formula, HKDBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6958784 0.7024047 0.6943209 0.7008897 +0.0050110
Prev. Close Volume Bid Ask Time
0.6958784 2022-01-21 17:03:25
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