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Forex Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

Norwegian Krone/Swiss Franc (FOREX:NOKCHF)

Sidelines Mode (-55) - NOKCHF 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 NOKCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKCHF
Open High Low NOKCHF Price Change
8.54860 8.56000 8.43960 8.44845 -0.10015
Entry Signal

MarketClub’s Trade Triangles for NOKCHF

long term down The long-term trend has been DOWN since May 12th, 2022 at 10.1455

intermediate term up The intermediate-term trend has been UP since Sep 11th, 2023 at 8.3800

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 8.5200

Smart Scan Analysis for NOKCHF

Based on our trend formula, NOKCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.54860 8.56000 8.43960 8.44845 -0.10015
Prev. Close Volume Bid Ask Time
8.54860 2023-10-02 23:53:52
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