Forex Trend Analysis Report
Prepared for you on Monday, March 19, 2018.
Israeli Shekel/Japanese Yen (FOREX:ILSJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 Feb 5th, 2018 at 31.5995
The intermediate term trend has been UP since Mar 9th, 2018 at 30.9395
The short term trend has been DOWN since Mar 15th, 2018 at 30.8740
Smart Scan Analysis for ILSJPY
Based on a pre-defined weighted trend formula for chart analysis, ILSJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).