Forex Trend Analysis Report
Prepared for you on Thursday, January 18, 2018.
Israeli Shekel/Polish New Zloty (FOREX:ILSPLN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 ILSPLN
The long term trend has been DOWN since May 16th, 2017 at 1.055300
The intermediate term trend has been DOWN since Jan 16th, 2018 at 0.994375
The short term trend has been DOWN since Jan 12th, 2018 at 1.010300
Smart Scan Analysis for ILSPLN
Based on a pre-defined weighted trend formula for chart analysis, ILSPLN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).