Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Canadian Dollar/Israeli Shekel (FOREX:CADILS)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 23rd, 2018 at 2.77175
The short term trend has been DOWN since Jun 14th, 2018 at 2.74440
Smart Scan Analysis for CADILS
Based on a pre-defined weighted trend formula for chart analysis, CADILS scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).