Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
2.24700 2.24920 2.21625 2.21665 -0.03035
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term up The long term trend has been UP since Jul 15th, 2019 at 2.26935

intermediate term down The intermediate term trend has been DOWN since Aug 5th, 2019 at 2.27170

short term up The short term trend has been UP since Aug 16th, 2019 at 2.25770

Smart Scan Analysis for BRLNOK

Based on a pre-defined weighted trend formula for chart analysis, BRLNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.24700 2.24920 2.21625 2.21665 -0.03035
Prev. Close Volume Bid Ask Time
2.24700 2.21510 2.21820 2019-08-19 14:26:56
Want to analyze Brazilian Real/Norwegian Krone BRLNOK or another symbol? Try our Free Forex Trend Analysis Report.