Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Israeli Shekel/Euro (FOREX:ILSEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ILSEUR
The long term trend has been UP since May 17th, 2018 at 0.236495
The intermediate term trend has been UP since Oct 8th, 2018 at 0.240395
The short term trend has been DOWN since Oct 22nd, 2018 at 0.237745
Smart Scan Analysis for ILSEUR
Based on a pre-defined weighted trend formula for chart analysis, ILSEUR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).