Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More
Home » Forex and Currency News » Forex Market: CHF/NOK daily forecast

Forex Market: CHF/NOK daily forecast

Written by Vladimir Manev
Vladimir Manev
Vladimir is a financial news writer and editor at TradingPedia, monitoring and reporting on the tendencies in the Foreign Exchange Market, as well as the commodities spot and futures markets and the factors linked to their pricing.
, | Updated: October 30, 2024

During yesterday’s trading session CHF/NOK traded within the range of 6.8330-6.8967 and closed at 6.8701.

At 6:28 GMT today CHF/NOK was gaining 0.05% for the day to trade at 6.8716. The pair touched a daily high at 6.8766 at 6:00 GMT.

Fundamental view

The rate of unemployment in Norway probably came in at 3.4% during the three months through May, according to the median forecast by experts. Lower than expected unemployment would certainly provide a boost to Norwegian krone. Statistics Norway will release the official rate at 9:00 GMT.

Technical view

Screenshot from 2014-06-26 09:34:17

According to Binary Tribune’s daily analysis, in case CHF/NOK manages to breach the first resistance level at 6.9000, it will probably continue up to test 6.9303. In case the second key resistance is broken, the pair will probably attempt to advance to 6.9639.

If CHF/NOK manages to breach the first key support at 6.8362, it will probably continue to slide and test 6.8029. With this second key support broken, the movement to the downside will probably continue to 6.7728.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • French government supports struggling PeugeotFrench government supports struggling Peugeot As being heavily reliant on the hardest-hit car markets of France, Spain and Italy, PSA Peugeot Citroen’s European sales have fallen by more than 13% in 2013, the largest of any car-maker number and double the rate of decline across the […]
  • Euro-zone’s recession continuesEuro-zone’s recession continues The economic situation in the Euro-zone continues its course towards contraction, as the Gross Domestic Product (GDP) during Q1 has dropped by 1.0% on annual basis, while on quarterly basis this major indicator has decreased by 0.2%. The […]
  • Natural gas trading outlook: futures extend drop on mild weatherNatural gas trading outlook: futures extend drop on mild weather Natural gas fell for a third day on Monday as weather forecasts saw no significant changes over the weekend, calling for overall mild weather across the US that would limit demand for the commodity to low.Natural gas for delivery in June […]
  • Twitter shares drop, Morgan Stanley reduces its ratingTwitter shares drop, Morgan Stanley reduces its rating After Twitter Inc.s rating was reduced on the stock by Morgan Stanley, the companys shares fell 3.9%. The microblogging service is pointed by one of the banks managing the Initial Public Offerting of the company to lose online advertising […]
  • SG Echo receives record $11.3 million purchase orderSG Echo receives record $11.3 million purchase order Safe & Green Holdings Corp, a developer, designer and fabricator of modular structures, said on Thursday that its wholly-owned subsidiary SG Echo LLC had been awarded a purchase order to provide more than 150 additional modular units […]
  • Goldman Sachs recent deals and failuresGoldman Sachs recent deals and failures Goldman Sachs has missed two of the biggest acquisitions of the year. The bank didnt take part in the $23 billion merger of Heinz Co. by Brazilian investment firm 3G capital  and Warren Buffetts Berkshire Hathaway Inc. announced in […]