Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 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 Aug 13th, 2018 at 2.15085
The short term trend has been DOWN since Aug 8th, 2018 at 2.19115
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).