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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)

Weak Downtrend (-65) - HKDBRL is showing signs of a strengthening downtrend. Monitor HKDBRL as it may be building momentum to the downside.

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
0.64695368 0.65330312 0.64615804 0.65266548 +0.00571200
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term up The long-term trend has been UP since Nov 17th, 2022 at 0.69078200

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2023 at 0.65570388

short term down The short-term trend has been DOWN since Jan 24th, 2023 at 0.65926619

Smart Scan Analysis for HKDBRL

Based on our trend formula, HKDBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HKDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64695368 0.65330312 0.64615804 0.65266548 +0.00571200
Prev. Close Volume Bid Ask Time
0.65260412 2023-01-27 17:03:14
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