Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Sidelines Mode (+55) - BRLNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLNOK
The long-term trend has been UP since Mar 6th, 2023 at 2.0237846
The intermediate-term trend has been DOWN since Mar 23rd, 2023 at 1.9670428
The short-term trend has been UP since Mar 27th, 2023 at 2.0032906
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.9967043 | 2.0161798 | 1.9944299 | 2.0119386 | +0.0152340 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9967043 | 2023-03-27 10:09:15 |