Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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.
MarketClub’s Trade Triangles for ILSNOK
The long term trend has been UP since Aug 20th, 2018 at 2.3200
The intermediate term trend has been UP since Nov 6th, 2018 at 2.2706
The short term trend has been DOWN since Nov 15th, 2018 at 2.2865
Smart Scan Analysis for ILSNOK
Based on a pre-defined weighted trend formula for chart analysis, ILSNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).