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.
MarketClub’s Trade Triangles for BRLNOK
The long term trend has been DOWN since Jan 16th, 2018 at 2.44895
The intermediate term trend has been DOWN since Dec 14th, 2017 at 2.49955
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).