Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Israeli Shekel/Danish Krone (FOREX:ILSDKK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ILSDKK
The long term trend has been UP since May 16th, 2018 at 1.7620
The intermediate term trend has been DOWN since Jun 13th, 2018 at 1.7616
The short term trend has been UP since Jul 12th, 2018 at 1.7517
Smart Scan Analysis for ILSDKK
Based on a pre-defined weighted trend formula for chart analysis, ILSDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).