Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)
Bear Market Rally (-75) - ILSNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ILSNOK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ILSNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ILSNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ILSNOK
The long-term trend has been DOWN since Jan 6th, 2021 at 2.6392497
The intermediate-term trend has been UP since Mar 1st, 2021 at 2.6214365
The short-term trend has been DOWN since Mar 2nd, 2021 at 2.5744585
Smart Scan Analysis for ILSNOK
Based on our trend formula, ILSNOK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).