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Forex Trend Analysis Report

Prepared for you on Tuesday, June 28, 2022.

Norwegian Krone/Brazilian Real (FOREX:NOKBRL)

Crossroads (+60) - NOKBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.53563047 0.53837228 0.52909087 0.53642983 +0.00079900
Entry Signal

MarketClub’s Trade Triangles for NOKBRL

long term down The long-term trend has been DOWN since Jan 20th, 2022 at 0.61226196

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2022 at 0.51860437

short term up The short-term trend has been UP since Jun 24th, 2022 at 0.53069189

Smart Scan Analysis for NOKBRL

Based on our trend formula, NOKBRL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NOKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53563047 0.53837228 0.52909087 0.53642983 +0.00079900
Prev. Close Volume Bid Ask Time
0.53563047 2022-06-28 23:09:44
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