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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Norwegian Krone/Brazilian Real (FOREX:NOKBRL)

Weak Uptrend (+65) - NOKBRL is showing signs of weakening momentum to the upside. Monitor NOKBRL as it may be in the beginning stages of a reversal.

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.

FOREX_NOKBRL
Open High Low NOKBRL Price Change
0.52552487 0.52587933 0.52441648 0.52464451 -0.00088000
Entry Signal

MarketClub’s Trade Triangles for NOKBRL

long term up The long-term trend has been UP since Apr 15th, 2024 at 0.48222577

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.51566747

short term up The short-term trend has been UP since Nov 15th, 2024 at 0.52388054

Smart Scan Analysis for NOKBRL

Based on our trend formula, NOKBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for NOKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52552487 0.52587933 0.52441648 0.52464451 -0.00088000
Prev. Close Volume Bid Ask Time
0.52552487 2024-11-20 03:27:05
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