Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Israeli Shekel/Swiss Franc (FOREX:ILSCHF)
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 ILSCHF
The long term trend has been DOWN since Jul 30th, 2018 at 0.27034
The intermediate term trend has been UP since Sep 10th, 2018 at 0.27199
The short term trend has been DOWN since Sep 14th, 2018 at 0.27024
Smart Scan Analysis for ILSCHF
Based on a pre-defined weighted trend formula for chart analysis, ILSCHF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).