Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Countertrend Down (-85) - CHFNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Oct 8th, 2021 at 9.229480
The intermediate-term trend has been DOWN since Aug 27th, 2021 at 9.568500
The short-term trend has been UP since Oct 22nd, 2021 at 9.120135
Smart Scan Analysis for CHFNOK
Based on our trend formula, CHFNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).