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Forex Trend Analysis Report
Prepared for you on Wednesday, November 27, 2024.
Brazilian Real/Norwegian Krone (FOREX:BRLNOK)
Weak Downtrend (-65) - BRLNOK is showing signs of a strengthening downtrend. Monitor BRLNOK as it may be building momentum to the downside.
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 Dec 22nd, 2023 at 2.0918792
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 1.8642243
The short-term trend has been UP since Nov 26th, 2024 at 1.9268872
Smart Scan Analysis for BRLNOK
Based on our trend formula, BRLNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.9219610 | 1.9232416 | 1.9130051 | 1.9139556 | -0.0080050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9219610 | 2024-11-27 03:24:50 |