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.
MarketClub’s Trade Triangles for HKDBRL
The long-term trend has been UP since Aug 23rd, 2019 at 0.5246500
The intermediate-term trend has been UP since Jun 26th, 2020 at 0.6990320
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).