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.
MarketClub’s Trade Triangles for CHFNOK
The long-term trend has been UP since Jan 27th, 2020 at 9.35457
The intermediate-term trend has been DOWN since Apr 7th, 2020 at 10.57000
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).