Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Israeli Shekel/United Arab Emirates Dirham (FOREX:ILSAED)
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 ILSAED
The long term trend has been DOWN since Apr 24th, 2018 at 1.03510
The intermediate term trend has been DOWN since Sep 28th, 2018 at 1.01245
The short term trend has been UP since Dec 18th, 2018 at 0.97612
Smart Scan Analysis for ILSAED
Based on a pre-defined weighted trend formula for chart analysis, ILSAED scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).