Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
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.
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MarketClub’s Trade Triangles for CHFNOK
The long-term trend has been DOWN since Jan 24th, 2025 at 12.325860
The intermediate-term trend has been UP since Feb 2nd, 2025 at 12.578696
The short-term trend has been DOWN since Feb 4th, 2025 at 12.401800
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.423700 | 12.428900 | 12.407024 | 12.417495 | -0.006205 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.423700 | 2025-02-05 01:56:25 |