Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Israeli Shekel/Norwegian Krone (FOREX:ILSNOK)
Sidelines Mode (+55) - ILSNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Feb 6th, 2023 at 2.9788424
The intermediate-term trend has been UP since Mar 6th, 2023 at 2.9136355
The short-term trend has been DOWN since Mar 15th, 2023 at 2.8995453
Smart Scan Analysis for ILSNOK
Based on our trend formula, ILSNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).