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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Bear Market Rally (-75) - BRLNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLNOK as it may be in the beginning 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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
1.6843987 1.8488469 1.6838600 1.8414449 +0.1570460
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 down The short-term trend has been DOWN since Dec 24th, 2024 at 1.8307166

Smart Scan Analysis for BRLNOK

Based on our trend formula, BRLNOK is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6843987 1.8488469 1.6838600 1.8414449 +0.1570460
Prev. Close Volume Bid Ask Time
1.6843987 2024-12-26 17:42:19
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