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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.

FOREX_ILSNOK
Open High Low ILSNOK Price Change
2.6035274 2.6060558 2.5943320 2.6040760 +0.0005490
Entry Signal

MarketClub’s Trade Triangles for ILSNOK

long term down The long term trend has been DOWN since Dec 31st, 2019 at 2.5139500

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 2.5818436

short term up 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).

+70
Smart Scan Analysis for ILSNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6035274 2.6060558 2.5943320 2.6040760 +0.0005490
Prev. Close Volume Bid Ask Time
2.6035274 2.6037287 2.6044233 2020-01-23 09:24:54
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