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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.

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FOREX_NOKBRL
Open High Low NOKBRL Price Change
0.60045087 0.60278070 0.59787314 0.59954331 -0.00090800
Entry Signal

MarketClub’s Trade Triangles for NOKBRL

long term down The long-term trend has been DOWN since Jan 20th, 2022 at 0.61226196

intermediate term down The intermediate-term trend has been DOWN since Jan 14th, 2022 at 0.62459463

short term down 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).

-100
Smart Scan Analysis for NOKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60045087 0.60278070 0.59787314 0.59954331 -0.00090800
Prev. Close Volume Bid Ask Time
0.60045087 2022-01-28 15:30:20
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