Analyze Symbol
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.
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MarketClub’s Trade Triangles for BRLNOK
The long term trend has been UP since Oct 22nd, 2018 at 2.2360
The intermediate term trend has been UP since Dec 19th, 2018 at 2.2406
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).
| 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 |