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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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
2.21945 2.22300 2.21900 2.22270 +0.00325
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 up The intermediate term trend has been UP since Oct 2nd, 2018 at 2.06660

short term up The short term trend has been UP since Oct 17th, 2018 at 2.20120

Smart Scan Analysis for BRLNOK

Based on a pre-defined weighted trend formula for chart analysis, BRLNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.21945 2.22300 2.21900 2.22270 +0.00325
Prev. Close Volume Bid Ask Time
2.21945 2.22100 2.22440 2018-10-19 05:28:56
Want to analyze Brazilian Real/Norwegian Krone BRLNOK or another symbol? Try our Free Forex Trend Analysis Report.