Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
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.
MarketClub’s Trade Triangles for NOKCHF
The long-term trend has been DOWN since May 12th, 2022 at 10.1455
The intermediate-term trend has been DOWN since Aug 15th, 2022 at 9.6600
The short-term trend has been UP since Aug 18th, 2022 at 9.8580
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).