Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Canadian Dollar/Israeli Shekel (FOREX:CADILS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CADILS
The long term trend has been DOWN since Feb 28th, 2018 at 2.70625
The intermediate term trend has been DOWN since Feb 21st, 2018 at 2.74800
The short term trend has been UP since Mar 19th, 2018 at 2.65395
Smart Scan Analysis for CADILS
Based on a pre-defined weighted trend formula for chart analysis, CADILS scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).