Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Israeli Shekel/Polish New Zloty (FOREX:ILSPLN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ILSPLN
The long term trend has been UP since May 8th, 2018 at 0.99540
The intermediate term trend has been DOWN since Jul 9th, 2018 at 1.01375
The short term trend has been DOWN since Jul 5th, 2018 at 1.02290
Smart Scan Analysis for ILSPLN
Based on a pre-defined weighted trend formula for chart analysis, ILSPLN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).