Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Israeli Shekel/Swedish Krona (FOREX:ILSSEK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since Nov 1st, 2017 at 2.3817
The intermediate term trend has been DOWN since Nov 24th, 2017 at 2.3559
The short term trend has been DOWN since Dec 5th, 2017 at 2.3893
Smart Scan Analysis for ILSSEK
Based on a pre-defined weighted trend formula for chart analysis, ILSSEK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).