Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 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.
MarketClub’s Trade Triangles for ILSJPY
The long term trend has been DOWN since Dec 6th, 2018 at 30.0815
The intermediate term trend has been DOWN since Nov 20th, 2018 at 30.1760
The short term trend has been UP since Dec 12th, 2018 at 30.2640
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).