Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Crossroads (+60) - BRLNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLNOK
The long-term trend has been DOWN since Dec 22nd, 2023 at 2.0918792
The intermediate-term trend has been UP since Apr 29th, 2024 at 2.1586131
The short-term trend has been UP since May 2nd, 2024 at 2.1593056
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.1572040 | 2.1603423 | 2.1378607 | 2.1414197 | -0.0157840 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.1572040 | 2024-05-08 23:29:46 |