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Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

Hong Kong Dollar/Brazilian Real (FOREX:HKDBRL)

Long-Term Uptrend (+90) - HKDBRL is in a strong uptrend that is likely to continue. While HKDBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.56421667 0.56577978 0.56157722 0.56185827 -0.00235800
Entry Signal

MarketClub’s Trade Triangles for HKDBRL

long term up The long-term trend has been UP since Aug 23rd, 2019 at 0.52465000

intermediate term up The intermediate-term trend has been UP since Jan 10th, 2020 at 0.52761891

short term up The short-term trend has been UP since Feb 19th, 2020 at 0.56178275

Smart Scan Analysis for HKDBRL

Based on our trend formula, HKDBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for HKDBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56421667 0.56577978 0.56157722 0.56185827 -0.00235800
Prev. Close Volume Bid Ask Time
0.56421667 0.56138530 0.56233124 2020-02-21 11:03:56
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