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Forex Trend Analysis Report

Prepared for you on Sunday, November 19, 2017.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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
2.50665 2.52635 2.49845 2.52635 +0.01970
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term down The long term trend has been DOWN since May 18th, 2017 at 2.61255

intermediate term up The intermediate term trend has been UP since Nov 17th, 2017 at 2.52280

short term up The short term trend has been UP since Nov 16th, 2017 at 2.50455

Smart Scan Analysis for BRLNOK

Based on a pre-defined weighted trend formula for chart analysis, BRLNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.50665 2.52635 2.49845 2.52635 +0.01970
Prev. Close Volume Bid Ask Time
2.50665 2.52430 2.52840 2017-11-17 13:42:37
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