Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Israeli Shekel/US Dollar (FOREX:ILSUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ILSUSD
The long term trend has been DOWN since Apr 24th, 2018 at 0.28180
The intermediate term trend has been UP since May 22nd, 2018 at 0.28065
The short term trend has been UP since May 22nd, 2018 at 0.27920
Smart Scan Analysis for ILSUSD
Based on a pre-defined weighted trend formula for chart analysis, ILSUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).