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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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
1.9967043 2.0161798 1.9944299 2.0119386 +0.0152340
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term up The long-term trend has been UP since Mar 6th, 2023 at 2.0237846

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2023 at 1.9670428

short term up 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).

+55
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways 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
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