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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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
2.1697 2.1790 2.1615 2.1789 +0.0092
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term up The long term trend has been UP since Oct 22nd, 2018 at 2.23600

intermediate term down The intermediate term trend has been DOWN since Nov 27th, 2018 at 2.19795

short term down The short term trend has been DOWN since Dec 3rd, 2018 at 2.21055

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
2.1697 2.1790 2.1615 2.1789 +0.0092
Prev. Close Volume Bid Ask Time
2.1697 2.1773 2.1805 2018-12-10 12:57:57
Want to analyze Brazilian Real/Norwegian Krone BRLNOK or another symbol? Try our Free Forex Trend Analysis Report.