Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Euro/Israeli Shekel (FOREX:EURILS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURILS
The long term trend has been UP since Jul 11th, 2017 at 4.05430
The intermediate term trend has been DOWN since Sep 10th, 2017 at 4.21610
The short term trend has been DOWN since Sep 20th, 2017 at 4.20205
Smart Scan Analysis for EURILS
Based on a pre-defined weighted trend formula for chart analysis, EURILS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).