Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 13, 2024.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Countertrend Down (-85) - BRLNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
1.8657770 1.8671620 1.8355298 1.8445854 -0.0211920
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 2.0918792

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 1.8642243

short term up The short-term trend has been UP since Dec 11th, 2024 at 1.8488513

Smart Scan Analysis for BRLNOK

Based on our trend formula, BRLNOK is rated as a -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
1.8657770 1.8671620 1.8355298 1.8445854 -0.0211920
Prev. Close Volume Bid Ask Time
1.8657770 2024-12-13 17:06:23
Get a free daily analysis and signals for Brazilian Real/Norwegian Krone (BRLNOK) - Request Your Free Report.