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.
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MarketClub’s Trade Triangles for CHFNOK
The long-term trend has been UP since May 12th, 2022 at 9.857000
The intermediate-term trend has been DOWN since Feb 12th, 2024 at 12.018600
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).
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 |