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Forex Trend Analysis Report

Prepared for you on Sunday, August 19, 2018.

Israeli Shekel/Japanese Yen (FOREX:ILSJPY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

FOREX_ILSJPY
Open High Low ILSJPY Price Change
30.1345 30.1635 30.1335 30.1415 +0.0070
Entry Signal

MarketClub’s Trade Triangles for ILSJPY

long term down The long term trend has been DOWN since Feb 5th, 2018 at 31.5995

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2018 at 30.2545

short term up The short term trend has been UP since Aug 14th, 2018 at 30.0935

Smart Scan Analysis for ILSJPY

Based on a pre-defined weighted trend formula for chart analysis, ILSJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ILSJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.1345 30.1635 30.1335 30.1415 +0.0070
Prev. Close Volume Bid Ask Time
30.1345 30.1290 30.1540 2018-08-19 17:22:51
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