Forex Trend Analysis Report
Prepared for you on Friday, April 20, 2018.
Euro/Israeli Shekel (FOREX:EURILS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Jan 16th, 2018 at 4.191600
The intermediate term trend has been UP since Mar 26th, 2018 at 4.315800
The short term trend has been DOWN since Apr 20th, 2018 at 4.337745
Smart Scan Analysis for EURILS
Based on a pre-defined weighted trend formula for chart analysis, EURILS scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).