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.
MarketClub’s Trade Triangles for BRLNOK
The long term trend has been DOWN since Jan 16th, 2018 at 2.44895
The intermediate term trend has been DOWN since Dec 14th, 2017 at 2.49955
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).