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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.

FOREX_CHFNOK
Open High Low CHFNOK Price Change
9.894730 9.901434 9.832880 9.870085 -0.024645
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 9.633948

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2020 at 10.570000

short term down 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).

-90
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.894730 9.901434 9.832880 9.870085 -0.024645
Prev. Close Volume Bid Ask Time
9.894730 9.868180 9.871990 2020-08-10 11:35:54
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