Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Israeli Shekel/Swedish Krona (FOREX:ILSSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ILSSEK
The long term trend has been DOWN since Dec 4th, 2018 at 2.41395
The intermediate term trend has been UP since Jan 7th, 2019 at 2.42525
The short term trend has been UP since Jan 2nd, 2019 at 2.39930
Smart Scan Analysis for ILSSEK
Based on a pre-defined weighted trend formula for chart analysis, ILSSEK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).