Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
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.
MarketClub’s Trade Triangles for CHFNOK
The long-term trend has been DOWN since Dec 27th, 2020 at 9.592928
The intermediate-term trend has been UP since Feb 28th, 2021 at 9.551133
The short-term trend has been UP since Feb 26th, 2021 at 9.472345
Smart Scan Analysis for CHFNOK
Based on our trend formula, CHFNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).