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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.

FOREX_NOKCHF
Open High Low NOKCHF Price Change
9.79225 9.87000 9.76400 9.86325 +0.07100
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 down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 9.6600

short term up 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).

-55
Smart Scan Analysis for NOKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.79225 9.87000 9.76400 9.86325 +0.07100
Prev. Close Volume Bid Ask Time
9.79225 2022-08-18 06:51:11
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