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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

Norwegian Krone/Swiss Franc (FOREX:NOKCHF)

Long-Term Downtrend (-90) - NOKCHF is in a strong downtrend that is likely to continue. While NOKCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NOKCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKCHF
Open High Low NOKCHF Price Change
7.99105 8.00000 7.88000 7.97490 -0.01615
Entry Signal

MarketClub’s Trade Triangles for NOKCHF

long term down The long-term trend has been DOWN since Jul 22nd, 2024 at 8.12580

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 8.30535

short term down The short-term trend has been DOWN since Jul 7th, 2024 at 8.46000

Smart Scan Analysis for NOKCHF

Based on our trend formula, NOKCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.99105 8.00000 7.88000 7.97490 -0.01615
Prev. Close Volume Bid Ask Time
7.99105 2024-07-25 11:04:03
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