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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Swiss Franc/Norwegian Krone (FOREX:CHFNOK)

Sidelines Mode (-50) - CHFNOK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFNOK can gain momentum.

Is it time to buy, sell, or avoid CHFNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFNOK
Open High Low CHFNOK Price Change
12.015188 12.022900 11.961100 11.999235 -0.015953
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term up The long-term trend has been UP since May 12th, 2022 at 9.857000

intermediate term down The intermediate-term trend has been DOWN since Feb 12th, 2024 at 12.018600

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 11.890674

Smart Scan Analysis for CHFNOK

Based on our trend formula, CHFNOK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.015188 12.022900 11.961100 11.999235 -0.015953
Prev. Close Volume Bid Ask Time
12.015188 2024-03-18 23:35:15
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