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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_ILSNOK
Open High Low ILSNOK Price Change
2.23340 2.24655 2.23305 2.24625 +0.01285
Entry Signal

MarketClub’s Trade Triangles for ILSNOK

long term down The long term trend has been DOWN since Jul 10th, 2018 at 2.20020

intermediate term down The intermediate term trend has been DOWN since Jun 12th, 2018 at 2.24580

short term up The short term trend has been UP since Jul 18th, 2018 at 2.24025

Smart Scan Analysis for ILSNOK

Based on a pre-defined weighted trend formula for chart analysis, ILSNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for ILSNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.23340 2.24655 2.23305 2.24625 +0.01285
Prev. Close Volume Bid Ask Time
2.2334 2.24580 2.24670 2018-07-18 02:29:23
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