Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Canadian Dollar/Israeli Shekel (FOREX:CADILS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jun 29th, 2018 at 2.77745
The short term trend has been DOWN since Aug 7th, 2018 at 2.83015
Smart Scan Analysis for CADILS
Based on a pre-defined weighted trend formula for chart analysis, CADILS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).