Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Bull Market Weakness (+75) - BRLNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLNOK as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for BRLNOK
The long-term trend has been UP since Feb 2nd, 2025 at 1.9530416
The intermediate-term trend has been UP since Jan 9th, 2025 at 1.8870313
The short-term trend has been DOWN since Feb 20th, 2025 at 1.9383787
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.9481479 | 1.9528709 | 1.9382567 | 1.9452199 | -0.0029280 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9481479 | 2025-02-21 17:00:13 |