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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Swiss Franc/Norwegian Krone (FOREX:CHFNOK)

Bear Market Rally (-75) - CHFNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFNOK as it may be in the beginning of a reversal.

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.

FOREX_CHFNOK
Open High Low CHFNOK Price Change
11.539217 11.614465 11.481117 11.606995 +0.067778
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term down The long-term trend has been DOWN since May 16th, 2024 at 11.759978

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2024 at 11.919019

short term up The short-term trend has been UP since May 29th, 2024 at 11.605300

Smart Scan Analysis for CHFNOK

Based on our trend formula, CHFNOK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.539217 11.614465 11.481117 11.606995 +0.067778
Prev. Close Volume Bid Ask Time
11.539217 2024-05-29 23:25:17
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