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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

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.

FOREX_NOKBRL
Open High Low NOKBRL Price Change
0.50257443 0.50257443 0.50205935 0.50210643 -0.00046800
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 up The intermediate-term trend has been UP since May 15th, 2024 at 0.48113516

short term up The short-term trend has been UP since Jun 10th, 2024 at 0.50261561

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).

+90
Smart Scan Analysis for NOKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.50257443 0.50257443 0.50205935 0.50210643 -0.00046800
Prev. Close Volume Bid Ask Time
0.50257443 2024-06-17 05:49:06
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