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Forex Trend Analysis Report

Prepared for you on Monday, May 22, 2017.

Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_ILSNOK
Open High Low ILSNOK Price Change
2.34120 2.34140 2.32360 2.33285 -0.00835
Entry Signal

MarketClub’s Trade Triangles for ILSNOK

long term up The long term trend has been UP since Nov 29th, 2016 at 2.23385

intermediate term down The intermediate term trend has been DOWN since May 17th, 2017 at 2.32985

short term down The short term trend has been DOWN since May 10th, 2017 at 2.38625

Smart Scan Analysis for ILSNOK

Based on a pre-defined weighted trend formula for chart analysis, ILSNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ILSNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.34120 2.34140 2.32360 2.33285 -0.00835
Prev. Close Volume Bid Ask Time
2.34120 2.33240 2.33330 2017-05-22 21:11:39
Want to analyze Israeli Shekel/Norwegian Krone ILSNOK or another symbol? Try our Free Forex Trend Analysis Report.