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Forex Trend Analysis Report

Prepared for you on Monday, January 22, 2018.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
2.4551 2.4686 2.4531 2.4577 +0.0026
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 up The short term trend has been UP since Jan 22nd, 2018 at 2.45375

Smart Scan Analysis for BRLNOK

Based on a pre-defined weighted trend formula for chart analysis, BRLNOK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4551 2.4686 2.4531 2.4577 +0.0026
Prev. Close Volume Bid Ask Time
2.4551 2.4556 2.4598 2018-01-22 13:19:07
Want to analyze Brazilian Real/Norwegian Krone BRLNOK or another symbol? Try our Free Forex Trend Analysis Report.