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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Sidelines Mode (-55) - BRLNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.1696930 2.2049410 2.1692542 2.1933889 +0.0236960
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term up The long-term trend has been UP since Oct 26th, 2023 at 2.2539281

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 2.2006592

short term up The short-term trend has been UP since Dec 4th, 2023 at 2.1989713

Smart Scan Analysis for BRLNOK

Based on our trend formula, BRLNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1696930 2.2049410 2.1692542 2.1933889 +0.0236960
Prev. Close Volume Bid Ask Time
2.1696930 2023-12-04 18:31:21
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