Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for ILSNOK
The long term trend has been DOWN since Dec 31st, 2019 at 2.5139500
The intermediate term trend has been UP since Jan 20th, 2020 at 2.5818436
The short term trend has been UP since Jan 7th, 2020 at 2.5554464
Smart Scan Analysis for ILSNOK
Based on a pre-defined weighted trend formula for chart analysis, ILSNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).