Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Norwegian Krone/Brazilian Real (FOREX:NOKBRL)
Strong Downtrend (-100) - NOKBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKBRL continues to fall. Traders should use caution and set stops.
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 Jan 20th, 2022 at 0.61226196
The intermediate-term trend has been DOWN since Jan 14th, 2022 at 0.62459463
The short-term trend has been DOWN since Jan 7th, 2022 at 0.63736745
Smart Scan Analysis for NOKBRL
Based on our trend formula, NOKBRL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).