Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Norwegian Krone/Brazilian Real (FOREX:NOKBRL)
Long-Term Uptrend (+90) - NOKBRL is in a strong uptrend that is likely to continue. While NOKBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for NOKBRL
The long-term trend has been UP since Oct 1st, 2021 at 0.62863694
The intermediate-term trend has been UP since Aug 13th, 2021 at 0.59775272
The short-term trend has been UP since Oct 18th, 2021 at 0.65662194
Smart Scan Analysis for NOKBRL
Based on our trend formula, NOKBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).