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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Norwegian Krone/Brazilian Real (FOREX:NOKBRL)
Crossroads (+60) - NOKBRL 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 NOKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKBRL
The long-term trend has been UP since Apr 15th, 2024 at 0.48222577
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.46333324
The short-term trend has been DOWN since May 8th, 2024 at 0.46356926
Smart Scan Analysis for NOKBRL
Based on our trend formula, NOKBRL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.46638563 | 0.47333917 | 0.46563975 | 0.47265427 | +0.00626900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.46638563 | 2024-05-09 09:26:23 |