Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
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 UP since Oct 29th, 2020 at 2.7874657
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 2.6983978
The short-term trend has been DOWN since Nov 17th, 2020 at 2.6958939
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).