Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Israeli Shekel/Australian Dollar (FOREX:ILSAUD)
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 ILSAUD
The long term trend has been UP since Aug 14th, 2018 at 0.375435
The intermediate term trend has been DOWN since Sep 26th, 2018 at 0.382525
The short term trend has been DOWN since Oct 8th, 2018 at 0.387195
Smart Scan Analysis for ILSAUD
Based on a pre-defined weighted trend formula for chart analysis, ILSAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).