Forex Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Long-Term Downtrend (-90) - CHFNOK is in a strong downtrend that is likely to continue. While CHFNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jun 5th, 2020 at 9.633948
The intermediate-term trend has been DOWN since Apr 7th, 2020 at 10.570000
The short-term trend has been DOWN since Aug 5th, 2020 at 9.901029
Smart Scan Analysis for CHFNOK
Based on our trend formula, CHFNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).