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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)

Bull Market Weakness (+75) - HKDBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDBRL as it may be in the beginning stages of a reversal.

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
0.65862174 0.66230205 0.65714387 0.66148296 +0.00286100
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term up The long-term trend has been UP since Mar 18th, 2024 at 0.64135965

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 0.64606717

short term up The short-term trend has been UP since May 22nd, 2024 at 0.65734124

Smart Scan Analysis for HKDBRL

Based on our trend formula, HKDBRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for HKDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.65862174 0.66230205 0.65714387 0.66148296 +0.00286100
Prev. Close Volume Bid Ask Time
0.65862174 2024-05-24 15:56:46
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