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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Long-Term Downtrend (-90) - BRLNOK is in a strong downtrend that is likely to continue. While BRLNOK is showing intraday strength, it remains in the confines of a bearish trend. 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.
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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 DOWN since Nov 15th, 2024 at 1.9084249
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.9028375 | 1.9074518 | 1.9017012 | 1.9063200 | +0.0034830 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9028375 | 2024-11-20 03:37:11 |