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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Strong Downtrend (-100) - BRLNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
1.5314899 1.5518797 1.5230898 1.5460774 +0.0145870
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 1.7113031

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2021 at 1.7113031

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 1.5241136

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).

-100
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5314899 1.5518797 1.5230898 1.5460774 +0.0145870
Prev. Close Volume Bid Ask Time
1.5314899 2021-10-15 16:57:37
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