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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.

Open High Low ILSNOK Price Change
2.29950 2.30115 2.27540 2.28105 -0.01845
Entry Signal

MarketClub’s Trade Triangles for ILSNOK

long term up The long term trend has been UP since Aug 20th, 2018 at 2.3200

intermediate term up The intermediate term trend has been UP since Nov 6th, 2018 at 2.2706

short term down 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).

Smart Scan Analysis for ILSNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.29950 2.30115 2.27540 2.28105 -0.01845
Prev. Close Volume Bid Ask Time
2.29950 2.28070 2.28140 2018-11-16 13:43:34
Want to analyze Israeli Shekel/Norwegian Krone ILSNOK or another symbol? Try our Free Forex Trend Analysis Report.