Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
Swedish Krona/Israeli Shekel (FOREX:SEKILS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SEKILS
The long term trend has been DOWN since Apr 12th, 2018 at 0.416000
The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.407820
The short term trend has been UP since Aug 21st, 2018 at 0.401145
Smart Scan Analysis for SEKILS
Based on a pre-defined weighted trend formula for chart analysis, SEKILS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).