Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)
Crossroads (+60) - ILSNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jul 17th, 2023 at 2.8113504
The intermediate-term trend has been UP since Sep 18th, 2023 at 2.8363813
The short-term trend has been UP since Oct 2nd, 2023 at 2.8136171
Smart Scan Analysis for ILSNOK
Based on our trend formula, ILSNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).