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.
MarketClub’s Trade Triangles for BRLNOK
The long term trend has been DOWN since May 18th, 2017 at 2.61255
The intermediate term trend has been UP since Nov 17th, 2017 at 2.52280
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).