Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Israeli Shekel/Canadian Dollar (FOREX:ILSCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ILSCAD
The long term trend has been DOWN since Aug 1st, 2018 at 0.353095
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.359930
The short term trend has been DOWN since Oct 15th, 2018 at 0.357990
Smart Scan Analysis for ILSCAD
Based on a pre-defined weighted trend formula for chart analysis, ILSCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).