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.
MarketClub’s Trade Triangles for ILSNOK
The long term trend has been DOWN since Jul 10th, 2018 at 2.20020
The intermediate term trend has been DOWN since Jun 12th, 2018 at 2.24580
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).