Free Daily Analysis

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.

FOREX_BRLNOK
Open High Low BRLNOK Price Change
1.9531740 1.9542661 1.9528837 1.9528837 -0.0002900
Entry Signal

MarketClub’s Trade Triangles for BRLNOK

long term up The long-term trend has been UP since Feb 2nd, 2025 at 1.9530416

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 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).

+90
Smart Scan Analysis for BRLNOK
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Brazilian Real/Norwegian Krone (BRLNOK) - Request Your Free Report.