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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

Brazilian Real/Norwegian Krone (FOREX:BRLNOK)

Countertrend Down (-85) - BRLNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
2.1088289 2.1261237 2.0928681 2.1146442 +0.0058150
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 2.0918792

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2024 at 2.1108954

short term up The short-term trend has been UP since Apr 19th, 2024 at 2.1220380

Smart Scan Analysis for BRLNOK

Based on our trend formula, BRLNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1088289 2.1261237 2.0928681 2.1146442 +0.0058150
Prev. Close Volume Bid Ask Time
2.1088289 2024-04-19 17:04:22
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