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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2024.

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
12.396650 12.407024 12.330531 12.366215 -0.030435
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term up The long-term trend has been UP since Jul 19th, 2024 at 12.303760

intermediate term up The intermediate-term trend has been UP since Sep 3rd, 2024 at 12.550485

short term down The short-term trend has been DOWN since Sep 12th, 2024 at 12.658309

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
12.396650 12.407024 12.330531 12.366215 -0.030435
Prev. Close Volume Bid Ask Time
12.396650 2024-09-20 03:50:52
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