Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DOWN since Jul 14th, 2017 at 2.31275
The intermediate term trend has been UP since Sep 11th, 2017 at 2.20875
The short term trend has been UP since Oct 17th, 2017 at 2.26355
Smart Scan Analysis for ILSNOK
Based on a pre-defined weighted trend formula for chart analysis, ILSNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).