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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.
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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 DOWN since Nov 6th, 2024 at 1.8642243
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).
| 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 |