Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Israeli Shekel/Japanese Yen (FOREX:ILSJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Feb 5th, 2018 at 31.5995
The intermediate term trend has been DOWN since Jun 19th, 2018 at 30.0915
The short term trend has been DOWN since Jun 14th, 2018 at 30.6530
Smart Scan Analysis for ILSJPY
Based on a pre-defined weighted trend formula for chart analysis, ILSJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).