Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Strong Downtrend (-100) - BRLNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLNOK
The long-term trend has been DOWN since Jul 19th, 2021 at 1.7113031
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 1.7113031
The short-term trend has been DOWN since Oct 15th, 2021 at 1.5241136
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5314899 | 1.5518797 | 1.5230898 | 1.5460774 | +0.0145870 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5314899 | 2021-10-15 16:57:37 |