Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Japanese Yen/Israeli Shekel (FOREX:JPYILS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 JPYILS
The long term trend has been UP since Feb 5th, 2018 at 0.031655
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.032720
The short term trend has been DOWN since Jun 29th, 2018 at 0.032985
Smart Scan Analysis for JPYILS
Based on a pre-defined weighted trend formula for chart analysis, JPYILS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).