Forex Trend Analysis Report
Prepared for you on Saturday, September 18, 2021.
Norwegian Krone/Brazilian Real (FOREX:NOKBRL)
Bull Market Weakness (+75) - NOKBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKBRL as it may be in the beginning stages of a reversal.
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 Jun 1st, 2021 at 0.62271755
The intermediate-term trend has been UP since Aug 13th, 2021 at 0.59775272
The short-term trend has been UP since Sep 9th, 2021 at 0.61206953
Smart Scan Analysis for NOKBRL
Based on our trend formula, NOKBRL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).