Forex Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Sidelines Mode (+55) - CHFNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since May 12th, 2022 at 9.8570
The intermediate-term trend has been UP since Nov 20th, 2022 at 10.7090
The short-term trend has been DOWN since Jun 8th, 2023 at 12.0874
Smart Scan Analysis for CHFNOK
Based on our trend formula, CHFNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).