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Forex Trend Analysis Report

Prepared for you on Wednesday, April 25, 2018.

Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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
2.23175 2.23285 2.21255 2.22090 -0.01085
Entry Signal

MarketClub’s Trade Triangles for ILSNOK

long term down The long term trend has been DOWN since Feb 1st, 2018 at 2.24855

intermediate term down The intermediate term trend has been DOWN since Mar 18th, 2018 at 2.22950

short term up The short term trend has been UP since Apr 23rd, 2018 at 2.22115

Smart Scan Analysis for ILSNOK

Based on a pre-defined weighted trend formula for chart analysis, ILSNOK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for ILSNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.23175 2.23285 2.21255 2.22090 -0.01085
Prev. Close Volume Bid Ask Time
2.23175 2.22070 2.22110 2018-04-25 14:08:21
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