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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.

FOREX_ILSNOK
Open High Low ILSNOK Price Change
2.26925 2.28155 2.26875 2.27840 +0.00915
Entry Signal

MarketClub’s Trade Triangles for ILSNOK

long term down The long term trend has been DOWN since Jul 14th, 2017 at 2.31275

intermediate term up The intermediate term trend has been UP since Sep 11th, 2017 at 2.20875

short term up 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).

+70
Smart Scan Analysis for ILSNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.26925 2.28155 2.26875 2.27840 +0.00915
Prev. Close Volume Bid Ask Time
2.26925 2.27800 2.27880 2017-10-20 03:11:03
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