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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

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 positive trend to resume. Uptrend 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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
2.30455 2.30795 2.29975 2.30640 +0.00185
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term up The long term trend has been UP since Oct 22nd, 2018 at 2.2360

intermediate term up The intermediate term trend has been UP since Dec 19th, 2018 at 2.2406

short term down The short term trend has been DOWN since Feb 20th, 2019 at 2.3018

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).

+85
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.30455 2.30795 2.29975 2.30640 +0.00185
Prev. Close Volume Bid Ask Time
2.30455 2.30470 2.30810 2019-02-20 08:46:25
Want to analyze Brazilian Real/Norwegian Krone BRLNOK or another symbol? Try our Free Forex Trend Analysis Report.