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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Norwegian Krone/Brazilian Real (FOREX:NOKBRL)
Sidelines Mode (-50) - NOKBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NOKBRL can gain momentum.
Is it time to buy, sell, or avoid NOKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKBRL.
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 NOKBRL
The long-term trend has been UP since Apr 15th, 2024 at 0.48222577
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.46333324
The short-term trend has been DOWN since May 8th, 2024 at 0.46356926
Smart Scan Analysis for NOKBRL
Based on our trend formula, NOKBRL is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.47436879 | 0.47553555 | 0.47280619 | 0.47414119 | -0.00022800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.47436879 | 2024-05-10 10:57:53 |