Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Euro/Israeli Shekel (FOREX:EURILS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 EURILS
The long term trend has been DOWN since May 16th, 2018 at 4.22585
The intermediate term trend has been DOWN since Oct 8th, 2018 at 4.15895
The short term trend has been DOWN since Oct 19th, 2018 at 4.19585
Smart Scan Analysis for EURILS
Based on a pre-defined weighted trend formula for chart analysis, EURILS scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).