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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 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
9.834054 9.842606 9.813580 9.828195 -0.005859
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term up The long-term trend has been UP since Sep 23rd, 2020 at 10.288109

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 10.067585

short term up The short-term trend has been UP since Dec 2nd, 2020 at 9.823221

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
9.834054 9.842606 9.813580 9.828195 -0.005859
Prev. Close Volume Bid Ask Time
9.834054 2020-12-04 03:33:25
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