Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
US Dollar/Israeli Shekel (FOREX:USDILS)
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 USDILS
The long term trend has been UP since Jun 28th, 2018 at 3.653330
The intermediate term trend has been DOWN since Aug 20th, 2018 at 3.651800
The short term trend has been DOWN since Sep 21st, 2018 at 3.569285
Smart Scan Analysis for USDILS
Based on a pre-defined weighted trend formula for chart analysis, USDILS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).