Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Euro/Israeli Shekel (FOREX:EURILS)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Nov 1st, 2017 at 4.09215
The intermediate term trend has been UP since Nov 14th, 2017 at 4.15425
The short term trend has been UP since Nov 9th, 2017 at 4.08150
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).