Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Israeli Shekel/Swiss Franc (FOREX:ILSCHF)
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 ILSCHF
The long term trend has been UP since May 7th, 2018 at 0.276495
The intermediate term trend has been UP since Apr 17th, 2018 at 0.274675
The short term trend has been DOWN since May 14th, 2018 at 0.279235
Smart Scan Analysis for ILSCHF
Based on a pre-defined weighted trend formula for chart analysis, ILSCHF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).