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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Swiss Franc/Norwegian Krone (FOREX:CHFNOK)

Sidelines Mode (-55) - CHFNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
10.297185 10.369049 10.287400 10.349495 +0.052310
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term up The long-term trend has been UP since Jan 27th, 2020 at 9.35457

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2020 at 10.57000

short term up The short-term trend has been UP since May 22nd, 2020 at 10.35680

Smart Scan Analysis for CHFNOK

Based on our trend formula, CHFNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.297185 10.369049 10.287400 10.349495 +0.052310
Prev. Close Volume Bid Ask Time
10.297185 10.347100 10.351890 2020-05-25 21:13:47
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