Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Swiss Franc/Israeli Shekel (FOREX:CHFILS)
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 CHFILS
The long term trend has been DOWN since May 7th, 2018 at 3.61695
The intermediate term trend has been DOWN since Jul 13th, 2018 at 3.62840
The short term trend has been DOWN since Jul 11th, 2018 at 3.65600
Smart Scan Analysis for CHFILS
Based on a pre-defined weighted trend formula for chart analysis, CHFILS scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).