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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Norwegian Krone/Brazilian Real (FOREX:NOKBRL)

Weak Downtrend (-65) - NOKBRL is showing signs of a strengthening downtrend. Monitor NOKBRL as it may be building momentum to the downside.

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.

FOREX_NOKBRL
Open High Low NOKBRL Price Change
0.46137996 0.46221872 0.46084033 0.46214945 +0.00076900
Entry Signal

MarketClub’s Trade Triangles for NOKBRL

long term up The long-term trend has been UP since Dec 22nd, 2023 at 0.47793489

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.46579369

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 0.47353941

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).

-70
Smart Scan Analysis for NOKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46137996 0.46221872 0.46084033 0.46214945 +0.00076900
Prev. Close Volume Bid Ask Time
0.46137996 2024-03-29 06:15:05
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