Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Canadian Dollar/Israeli Shekel (FOREX:CADILS)
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 CADILS
The long term trend has been UP since Aug 1st, 2018 at 2.83205
The intermediate term trend has been DOWN since Dec 6th, 2018 at 2.77995
The short term trend has been UP since Dec 12th, 2018 at 2.80710
Smart Scan Analysis for CADILS
Based on a pre-defined weighted trend formula for chart analysis, CADILS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).