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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
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 Dec 22nd, 2023 at 2.0918792
The intermediate-term trend has been UP since Sep 18th, 2024 at 1.9453805
The short-term trend has been UP since Sep 17th, 2024 at 1.9274658
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 |
|---|---|---|---|---|
| 1.9324379 | 1.9350859 | 1.9272660 | 1.9287174 | -0.0037210 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9324379 | 2024-09-20 02:53:55 |