Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Norwegian Krone/Brazilian Real (FOREX:NOKBRL)
Sidelines Mode (+55) - NOKBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKBRL
The long-term trend has been DOWN since Oct 26th, 2023 at 0.44394665
The intermediate-term trend has been UP since Nov 20th, 2023 at 0.45442862
The short-term trend has been DOWN since Nov 30th, 2023 at 0.45545566
Smart Scan Analysis for NOKBRL
Based on our trend formula, NOKBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).