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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Swiss Franc/Norwegian Krone (FOREX:CHFNOK)

Bull Market Weakness (+75) - CHFNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFNOK as it may be in the beginning stages 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.

FOREX_CHFNOK
Open High Low CHFNOK Price Change
12.012555 12.064403 12.000771 12.054495 +0.041940
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term up The long-term trend has been UP since May 12th, 2022 at 9.85700

intermediate term down The intermediate-term trend has been DOWN since Feb 12th, 2024 at 12.01860

short term up The short-term trend has been UP since Mar 19th, 2024 at 12.03729

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).

+75
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.012555 12.064403 12.000771 12.054495 +0.041940
Prev. Close Volume Bid Ask Time
12.012555 2024-03-19 06:20:48
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