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Forex Trend Analysis Report

Prepared for you on Saturday, July 4, 2020.

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
0.6914692 0.6942274 0.6848784 0.6859545 -0.0055150
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 0.5246500

intermediate term up The intermediate-term trend has been UP since Jun 26th, 2020 at 0.6990320

short term down The short-term trend has been DOWN since Jul 1st, 2020 at 0.6955182

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
0.6914692 0.6942274 0.6848784 0.6859545 -0.0055150
Prev. Close Volume Bid Ask Time
0.6914692 0.6854956 0.6864135 2020-07-03 17:05:28
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