Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
US Dollar/Israeli Shekel (FOREX:USDILS)
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 USDILS
The long term trend has been DOWN since Oct 11th, 2017 at 3.485525
The intermediate term trend has been UP since Dec 10th, 2017 at 3.529070
The short term trend has been UP since Dec 5th, 2017 at 3.500135
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).