Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Weak Downtrend (-65) - CHFNOK is showing signs of a strengthening downtrend. Monitor CHFNOK as it may be building momentum to the downside.
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 DOWN since Dec 27th, 2020 at 9.592928
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 9.181005
The short-term trend has been DOWN since Apr 14th, 2021 at 9.163200
Smart Scan Analysis for CHFNOK
Based on our trend formula, CHFNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).