Forex Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Strong Uptrend (+100) - BRLNOK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BRLNOK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jan 21st, 2022 at 1.6344756
The intermediate-term trend has been UP since Jan 19th, 2022 at 1.5936108
The short-term trend has been UP since Jan 7th, 2022 at 1.5696167
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).