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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 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
0.50504176 0.50504176 0.50487864 0.50490018 -0.00014200
Entry Signal

MarketClub’s Trade Triangles for NOKBRL

long term up The long-term trend has been UP since Apr 15th, 2024 at 0.48222577

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2024 at 0.50095321

short term down The short-term trend has been DOWN since Jul 4th, 2024 at 0.52178390

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
0.50504176 0.50504176 0.50487864 0.50490018 -0.00014200
Prev. Close Volume Bid Ask Time
0.50504176 2024-07-14 21:07:36
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