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Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Crossroads (+60) - BRLNOK is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for BRLNOK
The long-term trend has been DOWN since Jul 19th, 2021 at 1.7113031
The intermediate-term trend has been UP since Nov 9th, 2021 at 1.5558312
The short-term trend has been UP since Nov 24th, 2021 at 1.6066942
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6187264 | 1.6344756 | 1.5969906 | 1.6180763 | -0.0006500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6187264 | 2021-11-26 16:58:10 |