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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Long-Term Uptrend (+90) - BRLNOK is in a strong uptrend that is likely to continue. While BRLNOK 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 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.
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MarketClub’s Trade Triangles for BRLNOK
The long-term trend has been UP since Feb 2nd, 2025 at 1.9530416
The intermediate-term trend has been UP since Jan 9th, 2025 at 1.8870313
The short-term trend has been UP since Jan 28th, 2025 at 1.9201446
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.9531740 | 1.9542661 | 1.9528837 | 1.9528837 | -0.0002900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9531740 | 2025-02-05 01:01:40 |