Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
Israeli Shekel/Icelandic Krona (FOREX:ILSISK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ILSISK
The long term trend has been DOWN since Feb 2nd, 2018 at 29.08530
The intermediate term trend has been UP since Apr 24th, 2018 at 28.50930
The short term trend has been UP since May 16th, 2018 at 28.82915
Smart Scan Analysis for ILSISK
Based on a pre-defined weighted trend formula for chart analysis, ILSISK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).