Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Canadian Dollar/Israeli Shekel (FOREX:CADILS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CADILS
The long term trend has been DOWN since Dec 25th, 2018 at 2.7094500
The intermediate term trend has been DOWN since Jan 22nd, 2020 at 2.6389874
The short term trend has been UP since Feb 13th, 2020 at 2.5837525
Smart Scan Analysis for CADILS
Based on a pre-defined weighted trend formula for chart analysis, CADILS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).