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.
MarketClub’s Trade Triangles for ILSNOK
The long term trend has been UP since Nov 29th, 2016 at 2.23385
The intermediate term trend has been DOWN since May 17th, 2017 at 2.32985
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).