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Forex Trend Analysis Report

Prepared for you on Sunday, January 26, 2025.

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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
1.8951573 1.9097703 1.8762511 1.8915246 -0.0036330
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 up The intermediate-term trend has been UP since Jan 9th, 2025 at 1.8870313

short term up The short-term trend has been UP since Jan 23rd, 2025 at 1.9046684

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).

+60
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8951573 1.9097703 1.8762511 1.8915246 -0.0036330
Prev. Close Volume Bid Ask Time
1.8951573 2025-01-24 17:07:06
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