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Forex Trend Analysis Report

Prepared for you on Thursday, April 26, 2018.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
2.28195 2.29275 2.26885 2.27010 -0.01185
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term down The long term trend has been DOWN since Jan 16th, 2018 at 2.44895

intermediate term down The intermediate term trend has been DOWN since Dec 14th, 2017 at 2.49955

short term down The short term trend has been DOWN since Apr 24th, 2018 at 2.27900

Smart Scan Analysis for BRLNOK

Based on a pre-defined weighted trend formula for chart analysis, BRLNOK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.28195 2.29275 2.26885 2.27010 -0.01185
Prev. Close Volume Bid Ask Time
2.28195 2.26830 2.27190 2018-04-25 14:43:51
Want to analyze Brazilian Real/Norwegian Krone BRLNOK or another symbol? Try our Free Forex Trend Analysis Report.