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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Swiss Franc/Norwegian Krone (FOREX:CHFNOK)

Bull Market Weakness (+75) - CHFNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFNOK as it may be in the beginning stages of a reversal.

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
11.924410 12.096100 11.907705 12.040600 +0.116190
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 11.778628

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 12.073540

short term up The short-term trend has been UP since Mar 28th, 2024 at 12.004871

Smart Scan Analysis for CHFNOK

Based on our trend formula, CHFNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.924410 12.096100 11.907705 12.040600 +0.116190
Prev. Close Volume Bid Ask Time
11.924410 2024-03-28 19:12:23
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