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.
MarketClub’s Trade Triangles for CHFNOK
The long-term trend has been UP since Sep 23rd, 2020 at 10.288109
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 10.067585
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).