Forex Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Long-Term Uptrend (+90) - CHFNOK is in a strong uptrend that is likely to continue. While CHFNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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 UP since Jun 16th, 2022 at 10.072614
The short-term trend has been UP since Jun 29th, 2022 at 10.384590
Smart Scan Analysis for CHFNOK
Based on our trend formula, CHFNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).