Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Norwegian Krone/Israeli Shekel (FOREX:NOKILS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.
MarketClub’s Trade Triangles for NOKILS
The long term trend has been DOWN since Nov 3rd, 2017 at 0.429555
The intermediate term trend has been DOWN since Sep 10th, 2017 at 0.453320
The short term trend has been UP since Dec 12th, 2017 at 0.425635
Smart Scan Analysis for NOKILS
Based on a pre-defined weighted trend formula for chart analysis, NOKILS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).