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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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
1.6187264 1.6344756 1.5969906 1.6180763 -0.0006500
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 1.7113031

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2021 at 1.5558312

short term up 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).

+60
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways 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
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