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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
1.9302822 1.9474959 1.9302386 1.9435425 +0.0132600
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 May 13th, 2024 at 2.0997224

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 1.9629093

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).

-90
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9302822 1.9474959 1.9302386 1.9435425 +0.0132600
Prev. Close Volume Bid Ask Time
1.9302822 2024-06-21 17:04:08
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