Free Daily Analysis

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.

FOREX_CHFNOK
Open High Low CHFNOK Price Change
9.111800 9.124118 9.074287 9.093200 -0.018600
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 9.229480

intermediate term down The intermediate-term trend has been DOWN since Aug 27th, 2021 at 9.568500

short term up 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).

-85
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.111800 9.124118 9.074287 9.093200 -0.018600
Prev. Close Volume Bid Ask Time
9.111800 2021-10-22 05:55:42
Get a free daily analysis and signals for Swiss Franc/Norwegian Krone (CHFNOK) - Request Your Free Report.