Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BRLNOK
The long term trend has been UP since Oct 22nd, 2018 at 2.23600
The intermediate term trend has been DOWN since Nov 27th, 2018 at 2.19795
The short term trend has been DOWN since Dec 3rd, 2018 at 2.21055
Smart Scan Analysis for BRLNOK
Based on a pre-defined weighted trend formula for chart analysis, BRLNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).